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Ease of Doing Business for MSME stands at 67
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IANS | 24 May, 2022
The overall Micro, Small and Medium Enterprises' Ease of Doing Business
(MSME EODB) stands at 64 points out of 100, of which EODB for
manufacturing sector MSMEs was higher compared to the service sector, a
study released on Tuesday said.
The 'Ease of Doing
Business for MSMEs in India: Percolating EODB Reforms at Factory Level'
study, was carried out by the Research Bureau of the PHD Chamber of
Commerce and Industry (PHDCCI) in collaboration with Department of
Commerce, Delhi School of Economics, University of Delhi. It was
released by Union Jal Shakti Minister Gajendra Singh Shekhawat.
The
study is based on pan India stratified random sample survey of MSMEs
from manufacturing and services sectors, through a structured
questionnaire on 25 parameters of EODB. The survey was conducted for the
period 2021 and responses of 5,254 MSMEs were received.
"The
survey results revealed that the overall MSME EODB stands at 64, of
which EODB for manufacturing sector MSMEs stands at 67 and EODB for
service sector MSMEs stands at 61," the report said.
The five top
scoring parameters for ease of doing business of MSMEs include adoption
of digitisation, availability of information on business procedures and
compliances, processes and procedures for starting a business, adequate
power supply availability, and process of tax registration and tax
compliance.
On the other hand, the least scoring parameters were
government support for marketing, reduction in time taken to obtain
credit and reduction in the overall costs of doing business.
The
five top scoring parameters for ease of doing business of manufacturing
sector MSMEs include adoption of digitisation, availability of
information on business procedures & compliances, adequate power
supply availability, process of tax registration and tax compliance and
availability of Infrastructure (internet, telecom and other utility),
the report said.
"The least scoring parameters were government
support for marketing, reduction in time taken to obtain credit, and
reduction in cost of power," it added.
According to the survey,
the top scoring parameters for ease of doing business of service sector
MSMEs include availability of information on business procedures &
compliances, processes and procedures for starting a business,
regulatory environment, dissolution of business and adoption of
digitisation. The least scoring parameters were reduction in cost of
compliance, reduction in time taken to obtain credit, and reduction in
the overall costs of doing business.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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