Early Diwali for MSME sector: Modi unveils a dozen measures ahead of polls

Modi said MSMEs can now register their complaints related to delay in payment from large firms on the MSME Ministry's Samadhan portal

Prime Minister Narendra Modi on Friday announced a 12-point package for micro, small and medium enterprises (MSMEs), aimed at giving them access to credit and increasing their cash flows, along with a liberal business environment.

This comes two years after the Prime Minister had announced demonetisation of old currency notes of Rs 500 and Rs 1,000 — a move that had affected small and medium businesses the most. The package, which he termed Diwali gift and includes relaxation in labour laws and environmental rules along with changes in company laws, may come as a relief to small and medium enterprises, which