Union Minister Piyush Goyal announces 80% licensing fee concession for women entrepreneurs

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Union Minister Piyush Goyal announced a substantial 80 per cent concession in licensing fees for women entrepreneurs and a 50 per cent fee reduction for MSMEs. According to a press release by the Ministry of Commerce and Industry, these incentives are expected to encourage greater participation and entrepreneurship by women and MSMEs. The Ministry of Commerce & Industry, under the leadership of Union Minister Piyush Goyal, emphasized the crucial balance between industry compliance and public safety during a Stakeholder Consultation held in New Delhi. The consultation, convened by the Department for Promotion of Industry and Internal Trade (DPIIT), aimed to enhance efficiency within the Petroleum and Explosives Safety Organisation (PESO) and foster dialogue with stakeholders from the petroleum, explosives, fireworks, and related industries. Read More