Govt working on financial package for all sectors, says official

New Delhi: The authorities is working on a complete financial package not solely for MSMEs however for all sectors of the economic system, a prime official mentioned on Thursday.

“Government of India, Prime Minister’s Office and the Department of Economic Affairs are already working on a package, which includes not only the MSME but also the entire industry. All sectors of the economy being taken care of by a comprehensive package, being worked out in the government,”mentioned Giridhar Aramane, Secretary within the Ministry of Road Transport and Highways.

He was talking throughout an interplay with members of SIAM (Society of Indian Automobile Manufacturers) Institute by way of video conferencing.

Participating in the identical assembly, Union Minister for MSME and Road Transport and Highways Nitin Gadkari additionally mentioned “a package is going to be declared”.

The demand for a package to stimulate the economic system has been rising from varied quarters, together with trade our bodies and MSME sector specialists.

India’s micro, small and medium enterprises (MSMEs), which contributes 29 per cent to the nation’s progress and 48 per cent to exports, is a serious employment generator.

However, the sector is going through an enormous disaster amid coronavirus pandemic, with thousands and thousands of items watching losses and the prospect of job cuts as they wrestle to outlive.

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