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Fixing tax issues of small online sellers, reducing cost of litigation for MSMEs will help the sector: FISME

Industry body Federation of Indian Small and Medium Enterprises (FISME) highlighted how aspects related to banking and finance, tax issues faced by small online sellers and reducing cost of litigation are imperative to resolve in order to benefit the MSME sector.

At a roundtable event held recently in the capital, FISME tabled the current MSME issues plaguing the industry in a presentation to ‘Friends of MSME’ in Parliament (a group of members of Parliament across parties).

Rajendra Agrawal, Member of Parliament from the Meerut constituency said, “The objective of this dialogue is clear – to resolve the challenges faced by MSMEs, who are integral to our economy. Any issues discussed, including the hurdles encountered by MSME sellers, will be shared with the relevant ministry and officials for resolution. The PM’s vision of Atmanirbhar Bharat cannot be achieved without the support of the MSME sector. We urge MSMEs to present their case, enabling us to advocate.