Chandigarh Administration Drafts Ease of Doing Business Act to Simplify Regulations for MSMEs

The Chandigarh administration is drafting the Ease of Doing Business Act to simplify regulatory processes and boost economic activity, particularly for micro, small, and medium enterprises (MSMEs). The law will introduce a Certificate of In-Principle Approval based on self-declaration, valid for three years and six months, exempting new MSMEs from several approvals and inspections. This initiative, part of the broader 'Deregulation 2.0' reform, aims to reduce procedural delays, streamline approvals across sectors, and create a more investor-friendly environment, with implementation expected next month.