An 80% concession in licensing fees for women entrepreneurs was announced by Union Minister Piyush Goyal.
Important fee concessions and safety measures for the petroleum and explosives sector has been unveiled by Union Minister Piyush Goyal in New Delhi during the Stakeholder Consultation.
On 3 July, the Stakeholder Consultation was organized by the Department for Promotion of Industry and Internal Trade (DPIIT).
The objective of the program was to enhance efficiency within the Petroleum and Explosives Safety Organisation (PESO) and improve communication with industry stakeholders.
During the event, Goyal announced a concession of 80% in license fee for women entrepreneurs and 50% for MSMEs for licenses granted by PESO.
These incentives are expected to increase the participation of these important sectors of the economy.
He directed PESO to prepare guidelines to outline safety measures in consultation with the Central Pollution Control Board (CPCB) and the Ministry of Petroleum and Natural Gas (MoPNG).
This will allow retail outlets for petrol pumps to function in cases where there is habitation within 30–50 metres.
The aim of this initiative is to strike a balance between public safety and industry operations.
