Govt has scrapped 1,200 laws for startups: NITI Aayog CEO
NITI Aayog CEO Amitabh Kant has said the government has scrapped around 1,200 complex laws for easy registration of startups to encourage entrepreneurs. "Today one can register a company in a day and for an MSME, it takes around five minutes to register," he added. Kant also explained that entrepreneurship has to be promoted to create wealth in India.
New Delhi, Jul 18 (PTI) The government has scrapped around 1,200 complex laws and procedures for easy registration of startups to encourage entrepreneurs in the country, Niti Aayog CEO Amitabh Kant today said. To create wealth in the country, entrepreneurship has to be promoted, Kant said adding the government has taken lot of steps especially for MSMEs. "In the last two years, we have tried to dismantle lot of rules and laws, procedures and paperwork. We have scrapped about 1,200 laws which has never happened before," Kant told reporters here at an event. He was speaking at the entrepreneur India 2017 conference, where business investors, startups, SMEs and professionals met for networking and to discuss possible business ideas, among others. "Today one can register a company in a day and for an MSME, it takes around five minutes to register," Kant said. 