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The Jharkhand Micro, Small and Medium Enterprises (Special Exemption) Act, 2025

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The Jharkhand Micro, Small and Medium Enterprises (Special Concession) Act, 2025, is designed to simplify the business environment for small-scale industries in the state. It allows new Micro, Small, and Medium Enterprises (MSMEs) to operate for up to three years without obtaining specific state-level approvals or facing routine inspections, provided they file a "Declaration of Intent." This law aims to reduce bureaucratic delays and encourage entrepreneurship. While it grants temporary relief from certain regulatory hurdles, it does not exempt businesses from safety, health, or environmental standards. It matters to citizens because it fosters job creation and economic growth by removing initial administrative barriers for new business owners.

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  1. 0. Preamble
  2. 1. Short Title, extent and commencement:
  3. 2. Definitions- In this Act, unless the context otherwise requires:
  4. 3. Nodal agency
  5. Schedule. Schedule

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