Budget 2011-12: SMEs wants government to continue with stimulus package
February, 21st 2011
Small and medium enterprises want the government to continue with the stimulus measures previously announced for the sector in the next fiscal as well so that growth of SMEs is not affected, as per a survey.
"Considering the current high rate of inflation and increase in input costs, almost 90 per cent of SMEs who participated in the survey urged the government to continue with the stimulus package for the next fiscal so that growth of the sector remains robust," tradeindia.com, a B2B portal, said in a statement.
The survey findings were based on the responses to an online questionnaire sent by Tradeindia to its 5 lakh users representing the SME sector across five 5 metros -- Delhi, Mumbai, Bangalore, Chennai and Kolkata -- and other 18 cities of the country.
SMEs also said the government should announce tax breaks for employment-intensive units rather than capital-intensive ones.