Minimizing Regulatory Compliance Burden

KSIDC, being the nodal agency has been coordinating the Minimizing Regulatory Compliance Burden (MRCB) exercise, which is a systematic exercise done across various departments/ agencies in the State, to eliminate/ reduce compliances that have an adverse impact on time and cost of businesses and citizens.

• The key objective of this exercise is to identify the burdensome compliances and to eliminate/ minimize them by offering time-bound and transparent service delivery in a predictable manner with minimum human interface.
• Policy advocacy, digitization of physical processes related to businesses and citizens, publishing of timelines for service delivery and standard operating procedures (SOP), are some of the means for minimizing regulatory compliance.
• Department for Promotion of Industry and Internal Trade (DPIIT), under Ministry of Commerce and Industry, GoI, has launched a portal (Regulatory Compliance Portal) in 2021, to capture the initiatives states/ UTs have undertaken to minimize the regulatory compliance burden.

With cooperation of 44 departments/ agencies in the state, a total of 1,928 burdensome compliances for businesses and citizens were minimized as on date, since its inception in 2021. The summary of the State’s progress is given below: