Good news for entrepreneurs who are planning to venture into Micro, Small, and Medium Enterprises. The Minister for Micro, Small, and Medium Enterprises (MSME), Shri Nitin Gadkari declared the simplification of the process of registration for Micro, Small, and Medium Enterprises. Shri Gadkari in an event announced that now only Aadhaar and PAN shall be required for the MSMEs registration 
The Minister further added that only after getting registered, the MSME unit shall be getting finance. He further emphasized the need to deliver training to small units for skill developments in the fields of entrepreneurship and other related aspects. Adding further, He also gave assurance of giving full support to the MSME and also expressed his positive perception that banks and NBFCs shall also provide full support to small businesses.
Gadkari further emphasized the importance of MSMEs, as it contributes significantly to the social and economic development of India by promoting entrepreneurship and Creating large employment opportunities. Making India Economic Powerhouse
The minister further said that in order to give a boost to the economic activities of MSMEs, the Government has declared a special-based incentive package ‘Aatmanirbhar Bharat Abhiyan’ worth 20 lakh crore rupees.
