New Delhi: Rajasthan CM Ashok Gehlot on Wednesday launched a portal under an ordinance promulgated on March 4, inviting youth to start business in the state, without requiring any permissions.
The ordinance exempts the MSMEs (minor, small and medium enterprises) from the state laws as their establishments require no prior approval. These businesses will also be exempted from inspections under all state laws for the next three years.The portal offers easy application process and immediate issue of certificate.
The ruling Congress shared the portal’s link <rajudyogmitra.rajasthan.gov.in/index.html> on its Twitter account, affirming that the party has fulfilled its promise to let youths start business without any hurdles.
The acknowledgment that is as good as licence will be instantaneous for both manufacturing and service enterprises, the upper limits being Rs 10 crore and Rs 5 crore respectively and it will be valid for three years.
Any one can apply with his or her Aadhaar number with no other documents nor any fee required. The only condition is that the Aadhaar number is linked with the registered mobile number for the OTP-based authentication.
If there is no Aadhaar number, the process can still be completed. One can file "declaration of intent" in offline mode with the Bureau of Investment Promotion, the nodal agency.
Within three-and-a-half years of the acknowledgment, the person has to approach the concerned departments for obtaining necessary permissions. There is no need to wait for the expiry of the validity period. Exemptions are not applicable for the renewal of approvals.
If the enterprise fails to get approvals after 3.5 years, the competent authority will act as per the provisions of the concerned Acts and Rules.
The ordinance also empowers the state government to notify exemptions from approvals under the central laws, provided the central laws allow it to exercise such powers.