PM launches Ease of Doing Business Grand Challenge

  • The Prime Minister, Shri Narendra Modi, on November 19, 2018 launched the Ease of Doing Business Grand Challenge at an event in Lok Kalyan Marg in New Delhi.
  • Objective: The objective of this challenge is to invite innovative ideas based on Artificial Intelligence, Internet of Things, Big Data Analytics, Blockchain and other cutting edge technology to reform Government processes. The platform for the Grand Challenge is the Startup India Portal.
  • The Prime Minister  recalled that when he had first articulated his vision for India to break into the Top 50 in EoDB rankings in the years to come, it was greeted with skepticism. He added, however, that a great improvement is now visible in just four years. He said the EoDB rank has improved by 65 spots in this period. He said India now ranks first in South Asia, and is just some steps away from the Top 50 target. He said that the Union and State Governments have both worked together towards improving EoDB, in the spirit of cooperative, competitive federalism.
  • He listed a number of other areas, where great improvements have been made. He mentioned the efforts made for the MSME sector, such as approval for loans upto Rs 1 crore in 59 minutes.
  • He said that the Union Government is also working towards an industrial policy which will be more reflective of current realities, and will be in accordance with the new vision of the entrepreneurs of New India. He exhorted the gathering to work towards achieving the target of a Top 50 position in EoDB rankings.
  • The Prime Minister said that it is necessary to reduce human intervention in processes, and increase the use of modern and digital technologies. He said that a work culture based on this, will further promote policy driven governance.

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