The government is considering according MSME status to dealers because it will enable them to avail benefits offered to micro, small and medium enterprises, Union Minister Nitin Gadkari said on Tuesday.
Micro, small and medium enterprises (MSMEs) comprising manufacturing and services units got to get registered to avail the advantages and subsidies offered under various government schemes.
Registered MSMEs are eligible for tariff subsidies and tax and capital subsidies. The registration also helps them in getting government tenders and enables easier access to loans at low interest rates.
“Regarding MSME, we are thinking now of giving MSME status to dealers also and that they will get advantage of it, that’s also into account by which they’re going to get the advantages ,” Gadkari said.
The minister also reiterated his appeal to major industries to clear the outstanding dues to MSMEs during a timely manner.
“We also are requesting to the Finance Ministry, the industries who want to form their technology centers, training centers, research centers, from tax point of view whether we are during a position to offer some more support to them by which we will inspire and motivate them for more research and innovation,” Gadkari said.
The Minister for MSME and Road Transport and Highways was addressing a virtual exhibition on ‘Construction Equipment, Technology Components and Aggregates’.
