Science reporter Published this article page no 12 Strengthen Government policies The Parliamentary Standing Committee on Industry has recommended following recommendation to the government o Emergency Credit Line Guarantee Scheme (ECLG) Extend the loan repayment period under the ECLG for MSMEs up to seveneight years (currently the repayment period of threefour years including the moratorium period). The parliamentary panel also asked for at least a twoyear moratorium period on the principal amount. o Setting up a Central Market Intelligence Centre This body shall work to replace goods imported by MSME with domestic manufacturing. o Ease of certification Using existing Technology Centres for subsidised testing and certification of regional MSMEs. The Ministry should also devise a mechanism to tie up with global Testing Centres whose certificates are acceptable in respective countriesregions to ease the testing process reduce cost and encourage innovation among new entrepreneurs. o Forming separate policies for medium enterprises visavis micro and small enterprises based on their divergent needs science reporter magazine buy.
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