TNPSC Thervupettagam

Risk-Based Business Approval System

July 24 , 2026 15 hrs 0 min 25 0
  • Chhattisgarh passes Ease of Doing Business Act 2026.
  • It introduces Risk-Based Approval System.
  • Chhattisgarh becomes first in India to adopt a trust-based business permission framework aimed at easing compliance for MSMEs.
  • It is set to become the first state in the country to introduce a comprehensive risk-based permission framework for industries and commercial establishments.
  • The Act aims to reduce compliance burdens, simplify procedures related to setting up and operating businesses.
  • Under the new framework, industries and businesses will be classified into different risk categories based on their size and nature of operations.
  • Low-risk enterprises will be eligible for simplified approvals, while projects falling under higher-risk categories will continue to undergo technical scrutiny and inspections.

 

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