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29/05/2020 07:25am

Traders are eligible to get credit benefit under Aatmanirbhar package: Piyush Goyal

image Traders are eligible to get credit benefit under Aatmanirbhar package: Piyush Goyal

New Delhi, May 29 (KNN) Traders are also eligible to get the credit benefit announced under the Aatmanirbhar package for the Micro, Small and Medium Enterprises (MSMEs) said Union Minister Piyush Goyal.

''Aatmanirbhar package announced by the Union Finance Minister to fight Covid-19 provided for Rs 3 lakh crore credit guarantee for MSME, and it also covers traders,'' Goyal said during a meet with the representatives of trader’s associations, via video conferencing, on friday.

He also said that the changes made in the definition of the MSME sector will also help them.

Goyal further said that that the Finance Minister has also indicated that she has an open mind on finding solutions for the problems that may have remained unresolved.

While assuring the retail traders, Goyal said, ''Don't to feel threatened by the e-commerce juggernaut, as the common person has now realised that the brick and mortar kirana neighbourhood shopkeepers only helped them in their hour of crisis.''

''The Government is working on mechanism to facilitate B2B for the retail traders and providing technical support to them to expand their reach,'' he added.

He also said that under the Prime Minister Narendra Modi, the government has taken transformational initiatives, which will help India become a strong nation.

Goyal also assured traders that their problems pertaining to term loans, Mudra loans and other issues will be taken up with the finance ministry to find a solution.

The Minister said that several indicators show that the economic recovery is on the anvil.

''The Exports, which went down in April by almost 60%, have started showing upward trend, and the preliminary figures indicate decline this month will be smaller. The Services exports, on the other hand, went up even the last month,'' he avowed.

He indicated that more than the fall in merchandise exports, the imports showed sharper decline last month, lowering the trade deficit.

The Minister said that during the last two months, the government has taken measures to ameliorate the hardships of the traders and Indian manufacturers, and in future also, will support them.

He called upon the traders to use, promote and support the Indian goods.


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