Ease of Doing
MSMEs in Punjab
To start and run a business today
An MSME needs to look at ~58K compliances
3500 legal updates
3 months to 10 years imprisonment for non compliance of 14% of compliances
90 days to register
60 days for property
Creating lighthouses for Ease of Doing Business
In a significant step towards creating the impetus for business growth, (GAME) has partnered with Government of Punjab on a 2 year journey to transform Punjab into a ‘lighthouse state’ for enhancing ease of doing business ( EoDB) for Micro, Small and Medium Enterprises (MSMEs) in the state, by rationalising, simplifying, digitizing and decriminalizing the regulatory environment. This partnership is supported by Omidyar Network India (ONI), an investment firm focused on social impact, under its recently announced ReSolve Initiative. GAME is also partnering with the Government of Tamil Nadu and soon with the Government of Karnataka to improve the ease of doing business for MSMEs in their states.
This EoDB transformation intia has been informed by the recommendations of the ‘National Taskforce for MSMEs’,
set up by GAME to address the COVID-19 crisis. Click here for the report
To help new MSMEs benefit from the Punjab Right to Business Act (RBA) 2020, the Department of Industries and Commerce, Government of Punjab jointly with GAME, Haqdarshak Empowerment Solutions Private Ltd (HESPL) and Nemo is conducting an RBA Registration Drive for MSMEs.
To encourage businesses to formalize, GAME has joined hands with Haqdarshak Empowerment Solutions Private Ltd (HESPL) to conduct an MSME Registration Drive in the districts of Mohali, Ludhiana, Patiala, and Bathinda in Punjab. Launched on 25th January 2020, the drive has mobilized 365 businesses to apply for Udyam Registration so far. To register free of charge, call us at 7018516511 or email us.
Chairperson GAME EoDB Taskforce & Former MSDE Secretary, Government of India
M Srinivas Rao
Dr Parth Shah
Founder President, Centre for Civil Society
Dr Prashant Narang
Associate Director, Centre for Civil
Founder & CEO, Avantis RegTech
Founder Director, Trayas
Vice President – Strategy, GAME
Omidyar Network India
Under the ReSolve initiative, Omidyar Network India has prioritized two longstanding themes that have got renewed focus due to the pandemic, one of them being Empowering Micro, Small, and Medium Enterprises (MSMEs) Omidyar believes that over the next 12-18 months, their goal will be to support and fund a few high-leverage lighthouse investments that can contribute to the transformation agenda for this theme. This includes strengthening institutions and mechanisms that can help MSMEs build their business. This objective has provided the way for a partnership with GAME in the focus area of Improving the ease of doing business (EoDB) for Micro, Small and Medium Enterprises (MSMEs) and helping in the formalization of these enterprises
Hear from our Partners
“At the end of the two-year period, the coalition hopes to see a rise in formal registration of businesses, and a significant reduction in the cost of compliance for MSMEs. Together with unique and complementary expertise of GAME, CCS, and Avantis on small businesses, and support from ONI, we hope to make a real dent in the lives and livelihoods of Punjab’s non-farm job creators. Beyond this, we hope that the Punjab transformation will create a self-reinforcing cycle of Ease of Doing Business (EODB) surveys, interventions, rankings, and policies centred on MSMEs across India.”
Mrs. Vini MahajanIAS & Chief Secretary, Government of Punjab
“EODB is a major reason why ‘dwarfism’ is pervasive among India’s MSMEs. With 60 million+ enterprises and 110 million jobs, the average MSME creates less than 2 jobs in this country. We feel the onerous compliance burden and complex regulatory environment has a huge part to play in reducing productivity, increasing costs, and encouraging informality. By demonstrating Punjab as a lighthouse, we hope to showcase the potential of EODB to initiate a virtuous cycle of formal entrepreneurship, productivity improvement, and job creation”.
Dr. KP KrishnanFormer Secretary - MSDE
“Under the ReSolve Initiative, we have prioritized two longstanding themes that have got renewed focus due to the pandemic –empowering MSMEs and supporting migrant workers. Both are long-standing national priorities with a large unfinished agenda and have faced devastating setbacks due to the current environment. With this particular project, we aim to help MSMEs in Punjab as they attempt to recover from these setbacks. A typical MSME in India has to deal with 750+ compliances, 120+ filings, and 23+ registrations and licenses. With a strong commitment by the Punjab government to address these issues, and a high-caliber team of experts working on it, this project can transform the business environment for MSMEs in Punjab and could be a lighthouse for the rest of the country.”
Roopa KudvaManaging Director, Omidyar Network India