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Small and medium entrepreneurs are the backbone of the nation’s economy. They should be encouraged and promoted : Naresh Bansal MP

The small and mediam entrepreneurs are the backbone of the nation’s economy and they need to be encouraged at all costs. If the country’s economy is to be enhanced n the nation to progress, the small and mediam entrepreneurs should be accorded several concessions and creat a conducive environment to do business with convenience. The Rajya, Sabha member of parliament from Uttarakhand Naresh Bansal was addressing the members of the Federation of All India Traders Conference in New Delhi on Sunday. Stressing the need to encourage and protect the interests of medium and small entrepreneurs Rajya Sabha, member of Parliament from Uttarakhand Naresh Bansal said the traders n businessmen are a significant and integral part of our economy and they also play a vital role at the pan India level to accord 45% employment. Being the economic backbone in the country’s progress n all round development, the small n medium entrepreneurs need to be encouraged and allowed to pursue their businesses with ease and freedom devoid of complex hassles and wriggles. Emphasising on the constant communication and interaction with the SMEs Rajya Sabha MP Naresh Bansal said that the grievances of these businessmen should be addressed to and government should also hear them through interaction, incessantly, as communication n interaction are the key to resolution of grievances.

While addressing the members n office bearers of the Federation of All India Traders Mandal, the national council member of Chartered Accountants Institute Anup Goyal said that the small and medium traders are an asset for the nation’s economy and its progress and therefore on the lines of the Income tax provisions, the SMEs should be given the facility of Faceless GST at the earliest.

The national spokesman of the Traders Federation and chartered accountant Rajeshwar Painuly said that the government should immediately implement the decisions taken in the convention and the healthy views n suggestions of the Rajya Sabha MP Naresh Bansal. The conference was a grand success.

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