Excelsior Correspondent
JAMMU, Apr 8: The Confederation of All India Traders (CAIT) observed that BJP’s Sankalp Patra has given due importance to trading community and the declarations have sent a feeling of satisfaction among traders across the country even as certain other core issues should also have been included in the manifesto for which the CAIT will make representation to BJP leadership.
CAIT national president B C Bhartia and secretary general Praveen Khandelwal, while commenting upon BJP’s Sankalp Patra, said that accepting the demand of CAIT, the BJP has promised to set up a National Traders Welfare Board and a National Policy for Retail Trade which will structure the retail trade in India. “Making a solemn promise for providing Accidental insurance of Rs 10 lakh to every trader registered under GST is a wise step providing economic security to traders. It has also promised to provide pension to traders which was a much needed step for social security of traders. The declaration of providing Vyapari Credit Card on the pattern of Kisan Credit Card is a unique plan which will make traders enable to obtain easy loans,” they added.
Both Bhartia and Khandelwal said that BJP’s promise to lowering the tax rate will improve the compliance and will also prove to be an encouragement to honest tax payers. “The CAIT is pleased to note that the BJP has also kept Start Ups in loop by providing a Seed Start Up Fund of Rs 20 thousand crore. The announcement for collateral free credit to MSME upto Rs 50 lakh will also benefit the trading community. Fomation of Technology Centres for mentoring skills of MSMEs will scale the capabilities of traders across the country. It has also promised to simplify GST by consultation with stakeholders and it will further rationalise GST tax structure. The set up of Farmers Producer Organisation will boost the sentiments of trading community engaged in Agricultural products,” CAIT observed.
The CAIT further said that making announcement of mandatory purchasing of 10 percent from women entrepreneur by Government Departments will encourage the more development of women entrepreneurs in the country.
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