Udyog Sahayak Enterprises Network put together by FICCI, TISS and Azim Premji UniversityA new policy on the anvil, the Udyog Sahayak Enterprises Network (USENET), may give a major fillip to the growth-stunted nano and micro-enterprises in India’s informal sector. By enabling scale-up, the draft claims, USENET can aid in the creation of an additional 10.3 million jobs over five years, going up to nearly 56.9 million jobs over 10 years. Each of these small enterprises currently has one to three employees, and if given a boost, they have the potential to grow and create a large number of jobs, says the draft. The draft proposes the creation of a support system that will improve Ease of Doing Business for the largely informal nano, micro and small entrepreneurs. Each of these centres will be headed by a Udyog Sahayak, who will have a mandate to help and monitor the growth of 15 to 50 enterprises.

Source: The Hindu January 23, 2021 22:18 UTC