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Draft policy for Nano and Micro enterprises
Why is it in news?
- A draft for nano and micro enterprises was jointly put together by the Azim Premji University, the FICCI and the Tata Institute of Social Sciences (TISS).
Details:
- The draft is aimed at providing a slew of growth-driven services to over 62 million nano and micro-enterprises.
- The nano and micro enterprises currently employ over 100 million people.
- Anew policy on the anvil, the Udyog Sahayak Enterprises Network (USENET), may give a major fillip to the growth-stunted nano and micro-enterprises in India’s informal sector.
- The draft claims to create of an additional 10.3 million jobs over five years.
- The draft is currently under review by the group of ministers and the PMO.
- The Union government is likely to sanction upto ₹5,000 crore to part-fund CAPEX to set up at least 19 lakh USENET centres.