Government Reduces Licensing Fees for Women Entrepreneurs and MSMEs in Petroleum Sector
| Aspect | Details |
|---|---|
| Announcement | Union Minister Piyush Goyal announced reductions in licensing fees for entrepreneurs. |
| Fee Reduction | 80% reduction for women entrepreneurs, 50% reduction for MSMEs. |
| Regulatory Body | Petroleum and Explosives Safety Organisation (PESO). |
| Objective | Encourage participation of women and MSMEs in petroleum and explosives sectors. |
| Safety Measures | Collaboration with CPCB and MoPNG to establish safety guidelines for petrol pump operations. |
| Regulatory Streamlining | Integration of Third-Party Inspection Agencies (TPIAs) and online permission modules. |
| Stakeholder Consultation | Conducted by DPIIT, addressing industry concerns and recommendations. |
| Industry Feedback | Emphasis on digitalization, online portals, and expedited clearance processes. |
| Committees | Formed to explore amendments and enhance regulatory frameworks. |