Bhubaneswar: Industrial Agency, Small and Medium Enterprises and Realtors are expected to help in terms of easy access to funds and loans, more subsidies, discounts in direct and indirect taxes and reductions in GST from Finance Minister Nirmala Sitharaman on Tuesday.
“Many promises made by the Minister of Finance last year in addition to the emergency credit line guarantee scheme (ECLG).
But no one is fulfilled.
Only cash credit account holders get loans.
But there are many medium and small businesses that only have current accounts, But they did not benefit from the center to get out of the Covid crisis, “Satwik Swain, Secretary, Odisha Assembly from small and medium enterpriseshe said GST rules would kill original taxpayers in the future.
“There is a need for relaxation in the rules for original taxpayers.
There are many things in GST rules that need to be changed or do business in India.
Although the Ministry of the Ministry of the MSMEs has risen in recent years, there is still a lot to do.
Collapping loans are still Dreams in India, “Swain shows a strategy not to just stabilize the economy, because it is out of pandemic, but also to increase future growth.
“The upcoming budget has its duty to be deducted to supporting growth, rather than targeting consolidation.
The union budget must handle employment creation problems, reduce inequality and provide policy comfort to the production sector, especially the Sector MSME (ECLG continuation).
Various production incentives (pli) , Reduction of taxes and corporate steps to improve operational efficiency will ensure the industry will continue to do well, “said Nayak.