2nd Nov Announcement by Honourable Prime Minister for MSME

News Letter

2nd Nov Announcement by Honourable Prime Minister for MSME

Date:11/11/2018

It was good to hear 12 points Diwali Bananza announced by Sri Narendra Modi.

The policy makers seating in A/C cabins and Chairman of Banks on whom the Prime Minister depend to give this Diwali Bananza. Let the Chairman or Executive director of Banks directly interact with their Own Small customers and Understand.

Sri Modi said that 6.3cr MSME is giving employment to 11cr people which means app 44cr lives and the top of the system, Sri Narendra Modi is seating, there are a lot of filters and he is not getting any ground level pictures.

Every Minister in both Central & States bureaucrats at both Centre and States, various Commissioner in Industry departments are only giving lip sympathy to these new entrepreneurs.

Let us see the problem from 10 to 20 years perspective. We are creating Social disorder by the children of these entrepreneurs. They do not want to join this and they blame "What did you do for me?" when they have grown up and they desert the parents.

The suicide of farmers get coverage in media but suicide by these entrepreneurs are not reported anywhere. So these MSME's are only left to their fates?

Korea and other developing countries had at one time 80% NPA in MSME and they trusted these entrepreneurs for their contribution and given chance for coming back in their lives.

With IBC, all big cases are getting the attention of Chairman and ED and General managers but MSME's are the pursued legal course of recovery.

Whether Country gets any economic output or social output?

Let Sri Modi think and correct this as a statesman or as Politician.

Regards,

N.P. Desai