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National News

Jan 17, 2019
9:08PM

PM Modi says, govt has made business process very simple for small traders

PIB
Prime Minister Narendra Modi has said that his government has taken a series of steps to encourage the small and medium traders that is why India’s ranking in ease of doing business has jumped to 77 from 142. Inaugurating the first ever Ahmedabad Shopping Festival at Sabarmati River Front, Mr. Modi said that my government has made the business process very simple for small traders. 


He said that we are advancing towards the economy in which loan will be disbursed on the basis of GST and other returns. He said that Banks are disbursing 1 crore rupees loan in 59 minutes. Mr. Modi said that small trade and businesses have big share in country’s export and a new market is waiting outside India for these small enterprises. 


He said that generally such type of Shopping festivals are being organized in big cities, but this is welcome step that Ahmedabad is hosting such shopping festival. 

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