Nirmala Sitharaman: Raj Industry Draws Fm’s Attention To Multiple Issues | Jaipur News

JAIPUR: Union finance minister Nirmala Sitharaman on Monday interacted with the business community of Rajasthan representing various sectors during her post-Budget discussion. Representatives of the industry and entrepreneurs drew her attention to various issues that needed government intervention for the growth of the sectors.
During the interaction, Dileep Baid, vice-chairman of Exports Promotion Council for Handicrafts, urged the finance minister to include the furniture sector in the Production Linked Incentive (PLI) scheme.
“Furniture industry in India is dominated by micro and small units. In order to scale up the production and exports, the Centre is regularly adding new potential sectors in the PLI scheme. Keeping in view the immense potential that wooden handcrafted furniture has, this segment may also kindly be considered under the PLI Scheme,” said Baid.
Confederation of Real Estate Developers Association of India (Credai) raised the issue of banks not supporting the affordable housing segment despite it being given infrastructure status.
Dhirendra Madan, president of Credai-Rajasthan, said, “Unfortunately the banking sector doesn’t seem to be supportive of this larger intent of the Centre.
Affordable housing sector is clubbed with real estate sector and is not accorded priority sector lending status. There needs to be a mechanism to ensure targets for developer finance under affordable housing at a bank level or state level is spelt out and performance data is monitored in a transparent manner.”
Federation of Rajasthan Trade and Industry (FORTI)made a representation on various issues related to budgetary changes. FORTI president Suresh Agarwal raised the issue of increase of TCS on certain foreign remittances and on sale of overseas tour packages.