MSMEs not growing due to policy deficiency: Congress MP Praveen Chakravarthy
Congress Rajya Sabha MP from Tamil Nadu, Praveen Chakravarthy, said on August 3 that he was not allowed to speak about the MSME Amendment Bill
Congress Rajya Sabha MP from Tamil Nadu, Praveen Chakravarthy, said on August 3 that he was not allowed to speak about the MSME Amendment Bill in Parliament because he began his speech with a reference to the recent protests by students in New Delhi and across the country against the NEET paper leaks.
In a video statement, he said that although the protests were âseemingly against examination paper leaksâ, they reflected the youthâs anguish and despair over their future. âYouth were gasping for jobs, incomes, and prosperity. MSMEs could be the magic jobs pill for Indiaâs youth, providing optimism for the future,â he said, reading from his prepared speech.
âWhat we need is a structural and bold overhaul of the entire MSME sector. The government proudly claims India has nearly eight crore MSMEs. Then, even if on average, each employed 10 people, that should be jobs for 80 crore people. But lines outside exam halls are long, as our companies are small.
Our MSMEs are stunted. They do not grow because of a policy deficiency,â he said. The MSME firms that grow and hire more people should be rewarded with more funding and more government orders until they get big enough. âThis Bill is concerned with administering smallness, not enabling growth,â he said.