Shri nitin gadkari, Minister of Micro, Small and Medium Enterprises

New Delhi, Jan 24 In the upcoming Budget 2022 which is scheduled to be presented on February 1, a big boost for the Ministry of Micro, Small and Medium Enterprises (MSMEs) sector is expected as the Central government does not want to give any more chance to the Opposition to target it over the issue.There are, in fact, reasons for it the poll-bound states have a good share of MSMEs and the government would not take any chance to let the Opposition label it "as anti-poor, anti-small traders".Congress leader and former party president Rahul Gandhi, just after the last year's Budget, said: "Modi's crony centric budget means - Struggling MSMEs given no low interest loans, no GST relief. The employers of India's largest workforce betrayed."It was not the first time that the opposition raised tough questions on the condition of MSMEs during the pandemic.Rahul Gandhi himself asked at least one question in the parliamentary sessions from 'Loss suffered by MSME Sector' in this winter session to 'Programmes to Promote Rural Entrepreneurship' in the last monsoon session, and before these, many others like Wage Subsidy to MSMEs due to Covid-19 Pandemic, Financial Support to MSMEs, Cluster Development Programmes under MSE-CDP, Operational MSMEs in Kerala, Credit Guarantee Fund, Public Procurement Policy for MSEs, Decline in Growth of Registration of MSMEs,Also, the Department related Parliamentary Standing Committee on Industry, which comes under the Rajya Sabha, presented a report 'Impact of Covid-19 pandemic on MSMEs sector and mitigation strategy adopted to counter it pertaining to the ministry of 'Micro, Small and Medium Enterprises' in Rajya Sabha on July 27, 2021, which was later also tabled in the Lok Sabha, had many recommendations and also pointed out shortcomings by the government to handle the MSMEs' grievances during the pandemic.As part of examination of the said subject, the Committee deliberated in detail in its meeting held on January 18 and 19, and April 8, 2021, wherein it heard the views of Ministry of Micro, Small & Medium Enterprises; views/suggestions of MSME Industry Associations like FICCI, FISME, ASSOCHAM, PHDCCI; views of Department of Financial Services; and views of CMDs of leading Banks,0 respectively.The Committee also obtained information through its Questionnaires on the subject from the M/o MSME, MSME Associations, Department of Financial Services and Banks.In this report, the Committee observed that the stimulus package announced by the government for the economic revival from the pandemic-hit economy has been found to be inadequate as the measures adopted were more of loan offering and long-term measures instead of improving the cash flow to generate demand as immediate relief.In the process of economic recovery post-first wave of the pandemic, the second wave even more vigorously ripped the economy, particularly the MSME Sector.The Committee, therefore, recommended that the Government should immediately come out with a larger economic package aimed at bolstering demand, investment, exports and employment generation to help the economy, including MSMEs to recover from the pandemic fall-out.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Vijayawada, Feb 17 Union Minister for Road Transport and Highways, Nitin Gadkari, on Thursday inaugurated and laid foundation ... ...

Union Minister for Road Transport and Highways Nitin Gadkari inaugurated and laid the foundation stone of 51 National Highway projects with an investment of Rs 21,559 crore in Andhra Pradesh's Vijaywada on Thursday. ...

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Industrialist and Padma Bhushan-awardee Rahul Bajaj, the former chairman of Bajaj group passed away at the age of 83 on Saturday, Union Minister Nitin Gadkari informed. ...

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New Delhi, Jan 24 In the upcoming Budget 2022 which is scheduled to be presented on February 1, ... ...