Building a Business-Ready India

Key Highlights:

• India is strengthening its business environment through reforms focused on Ease of Doing Business, digital platforms, and trust-based regulation.
• The National Single Window System (NSWS) has granted over 8.29 lakh approvals since 2021, integrating 32 Central ministries and 34 States.
• Startup India initiative has seen DPIIT-recognised startups grow from 502 in 2016 to over 2.47 lakh by August 2026.
• Pradhan Mantri MUDRA Yojana (PMMY) has sanctioned loans worth ₹40.07 lakh crore through 57.79 crore loans since its inception in 2015.
• The Jan Vishwas (Amendment of Provisions) Act, 2026, decriminalises 717 provisions across 79 Central Acts, promoting trust-based governance.
• PM GatiShakti platform integrates 58 Ministries/Departments and 36 States/UTs, evaluating projects worth ₹16.10 lakh crore for multimodal connectivity.
• Government e-Marketplace (GeM) has facilitated cumulative procurement over ₹20 lakh crore, connecting 1.37 lakh government buyers with 25 lakh sellers.

Detailed Insights:

• Reforms aim to reduce compliance burdens, enhance transparency, and encourage entrepreneurship across all enterprise sizes.
• Digital single-window systems, simplified incorporation processes, and wider market access are key pillars of these reforms.
• SPICe+ Form integrates 11 services from 3 Central ministries, reducing procedural burden and compliance costs for new companies.
• MCA21 V3 is an AI-driven platform for end-to-end registry and incorporation services for companies and LLPs, processing 3.84 crore filings.
• Udyam Registration provides a free, paperless, self-declaration system for Micro, Small and Medium Enterprises (MSMEs), with registrations increasing significantly since 2020.
• The Business Reform Action Plan (BRAP), launched in 2015, promotes Ease of Doing Business by simplifying regulations across states and UTs.
• Credit Guarantee Scheme enables Micro and Small Enterprises (MSEs) to access collateral-free credit up to ₹10 crore, with CGTMSE approving ₹13.67 lakh crore coverage.
• TReDS facilitates financing and discounting of MSME trade receivables, with invoice discounting growing to ₹3.47 lakh crore in 2025-26.
• Regulatory reforms include reducing over 47,000 compliances and moving towards trust-based governance.
• GST 2.0 reforms in September 2025 rationalised rates and moved towards a simplified two-rate structure, increasing registered taxpayers to 1.68 crore.
• The Faceless Assessment Scheme eliminates physical interface in tax assessments, promoting efficiency and transparency.
• Open Network for Digital Commerce (ONDC) promotes open digital commerce networks, supporting 7.64 lakh+ sellers across 616+ cities.
• Export Promotion Mission enhances India’s export competitiveness, focusing on MSMEs and first-time exporters.
• ICEGATE enables electronic filing and duty payment for cross-border trade, making it more efficient.

Key Concepts Involved:

• Ease of Doing Business: Government initiatives aimed at simplifying regulations and processes for businesses to start, operate, and grow.
• National Single Window System (NSWS): A digital platform integrating approvals from multiple central and state government departments for businesses.
• Pradhan Mantri MUDRA Yojana (PMMY): A scheme providing collateral-free loans up to ₹20 lakh to non-corporate, non-farm small/micro enterprises.
• Jan Vishwas (Amendment of Provisions) Act, 2026: Legislation that decriminalises minor offences across various central acts to promote trust-based governance.