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CII asked for SOPS for small businesses

Aug 17, 2021
CII asked for SOPS for small businesses

New Delhi

The Confederation of Indian Industries (CII) has come up with some set of recommendations for the government which ranged from implementing an urban job guarantee policy to coming up with ways to strengthen the supply chain of MSME firms.

CII said that there is a need to allocate more funds to rural job guarantee schemes so that the growing demand for the EPF subsidy can be easily accommodated. It also asked the government to shift its focus to labour-intensive sectors that include logistics and e-commerce by coming up with some employment-boosting policies.

The body also said that MSMEs contribute to 30% of the GDP of the country, which means that these enterprises play an important role in employment and job generation across the country. The body suggested that the government should look at the relaxation of complex procedures and compliance that are linked with the hiring and engagement of apprentices. It should also come up with incentives and exemptions for every new job that MSMEs generate.

Ajay S. Shriram, Chairman & Senior Managing Director, DCM Shriram Ltd, shared some recommendations when a session on “Job Creation & Entrepreneurship – Way Ahead for Livelihood Generation" was conducted.

The body clarified that the main idea behind Urban Employment Guarantee Programme (UEG) is that the ruling party is guaranteeing work to the people at minimum wage.

Source – Live Mint

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