A lot more can be done for MSMEs in Budget 2014 Commenting on the Budget - 2014 presented by the Finance Minister Arun Jaitley on Thursday, an apex industry body has said that every one knows the issues of micro, small and medium enterprises (MSMEs) and so Honble Minister of Finance can do more rather setting up a committee to examine the issues of sector. We (Industry bodies) have been suggesting the issues of SME sector like issue of finance, high interest rate and issue of power (electricity) to the government from very first day. Knowingly the all major issues there was no need to propose to appoint a committee to study issue of MSMEs, ASSOCHAMs Secretary General D S Rawat told SME Times at a press meet on Thursday. He said, A lot more can be done for the development of this sector. Rawat emphasized that every one knows that the non-availability of credit at low interest rate and issue of non-availability of adequate and uncut power supply were the biggest hurdle in the growth path of SMEs, which has been the ASSOCHAMs recommendation for the last five years.
Posted on: Sat, 12 Jul 2014 07:35:05 +0000
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