Nirmala Sitharaman's Budget recommendation is for better handling of SME through the banking institutions and also to provide them better tendering opportunities.
Sitharaman suggested better handling of SMEs by banking institutions and also to provide them better tendering opportunities.
She said many ancilliary units have troubles in dealing with the tendering process in which the first two questions are for how long they have been in the business and what is the company's turnover. According to her, these turnout as hurdles for both the SMEs and startups.
Stage has been set for the roll-out of goods and services tax (GST) and Sitharaman says Finance Minister Arun Jaitley is inching closer to solution.
She also said GST cannot be linked with demonetisation.
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