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CAG suggests four-pronged strategy for MSMEs
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The Hindu - Home
The Comptroller and Auditor General of India (CAG) on Thursday suggested a four-pronged strategy – simplification, digitalisation, decriminalisation, and elimination of redundant laws – for the benefit of Micro, Small and Medium Enterprises (MSME) sector.
The CAG chief said public procurement by MSMEs had seen a major increase which highlighted the scale and importance of procurement-related compliance audits.
The Pan-India Horizontal Audit on EoDB for MSMEs represents an important step towards outcome-oriented public sector auditing, aligned with national priorities and focused on improving service delivery for MSMEs.
The audit will be coordinated by the Office of the Principal Accountant General (Audit-II), West Bengal, as the Lead Office, with participation from all State Audit Offices.
It will cover relevant Central Ministries, State Departments, district-level institutions and State Public Sector Undertakings.