New Delhi, July 04: Government proposes to bring in a comprehensive legislation for the Small Scale (SSI) sector to address many of its concerns including credit, labour, delayed payment as well as mandatory purchase preference, minister of state for SSI Vasundhara Raje said today. "Through this legislation, we are pushing at certain boundaries in an endeavour to enlarge the space for SSIs. Be it credit, labour, delayed payments or mandatory purchase preference, we are looking at changes in every respect," she said while addressing the 47th meeting of the national SSI board here.
A draft of the legislation had been attempted by the administrative staff-college of India, Hyderabad, Raje said, adding inputs by all concerned stakeholders including state governments and SSI associations would be invited before the draft is finalised.
Raje also announced the launch of the third all India census of small scale industries which would be conducted this year after a gap of over a decade. The third census, apart from covering registered units would for the first time cover unregistered units through a sample survey, she said adding that the census would also study the extent of sickness.
"For this purpose, we have decided to adopt the revised definition of sickness announced by the RBI in January this year which is based on the Kolhi committee recommendations," she added.
Bureau Report