Under the new policy, to accelerate the growth of MSMEs, the state government has identified six key areas for improvement: improving availability, accessibility and affordability of land, facilitating access to finance, ensuring easy access to raw materials, improving flexibility in labour markets, encouraging adoption of technology and improving access to markets.
The policy says the government aims to see over 25,000 new MSMEs established in the state in the next five years.
The policy facilitates the transition of SHGs (self-help groups) to MSMEs by providing them with end-to-end support structures, besides strengthening the state as a leading exporter in the country with emphasis on import substitution.
The Telangana government is framing a procurement policy with preferential purchases from MSMEs, particularly SC/ST and women-owned enterprises, the policy said.The Department of Industry and Trade will, within three months of the notification of the procurement policy, create a mechanism to monitor the implementation of the preferential procurement scheme, he added.
Promote the adoption of green technologiesThe government will provide incentives like an additional 15 percent of floor area if the MSME has a solar photovoltaic plant installed or a solid waste management plant for the treatment of total waste generated or if the building has a 3 to 5 star rating in green building for integrated habitat assessment. The policy also said of the five Parks for MSMEs to be built between ORR (Outer Ring Road) and RRR (Regional Ring Road), at least one will have dedicated support to facilitate MSMEs to acquire ZED (Zero Defect Zero Effect) Bronze Certification. The government aims to increase e-commerce penetration in MSMEs by encouraging sellers to participate in the Open Network of Digital Commerce (ONDC) portal and the government e-marketplace portal.
The Telangana government will conduct awareness workshops for entrepreneurs in collaboration with industry associations and the Government of India to educate small vendors and businesses about ONDC, he added.
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