New Delhi, (thestates.news) Union Minister of
Finance and Corporate Affairs Nirmala Sitharaman on Wednesday stressed that the
Government trusts the industry fully and comprehensively.
Speaking at an interaction through video-conferencing with the members of the
Confederation of Indian Industry , which is marking 125 years of it’s existence
in 2020, she urged the industry to plan for engaging labour with a more
professional approach and engage in skilling.
‘Mindsets in industry need to set examples in handling workers in a way that is
acceptable to all,’ stated the Finance Minister.
Ms Sitharaman said the CII has played a critical role in the country and its
members have played strong roles in their own sectors. She exhorted the
Confederation to stand out as an exemplar in the policy making process.
The Industry needs to reset its relations with workers and plan for labour,
including unskilled labour, said the Finance Minister. She requested the
industry to consider a professional manner in the terms for engaging unskilled
workers and work towards the skilling of employees at all levels.
On a question regarding the MSME sector, Ms Sitharaman stated that before
COVID-19 as well, clear hand-holding was announced for MSMEs and NBFCs to help
enterprises in rural areas.
She said that credit availability for additional term loan and working capital
loan was intended to reach all MSMEs and hence, the Government has provided a
guarantee to banks to overcome hesitation in lending.
‘When the Government provides full and partial guarantees with a special
purpose vehicle post-lockdown, the banks’ hesitation has been addressed,’ she said.(uni)
Govt trusts Industry fully, comprehensively: Fin Min
