The Confederation of All India Traders (CAIT) has welcomed announcements made in BJP’s Sankalp Patra about trading community and said that these are important steps which CAIT was demanding since a long time.
The BJP Sankalp Patra has given due importance to trading community and the declarations continued about the traders have sent a feeling of satisfaction among trading community across country, the CAIT said in a statement issued on Monday. The CAIT further said though certain other core issues would have also been included in Sankalp Patra for which the CAIT will make representation to BJP leadership.
CAIT National President BC Bhartia & Secretary General Praveen Khandelwal while commenting upon BJP’s Sankalp Patra said that accepting the demand of CAIT, the BJP has promised to set up a national traders welfare board and a national policy for retail trade which will structure the retail trade in India. Making a solemn promise for providing accidental insurance of Rs.10 Lakh to every trader registered under GST is a wise step providing economic security to traders. “The BJP has also promised to provide pension to traders which was a much needed step for social security of traders. The declaration of providing Vyapari Credit Card on the pattern of Kisan Credit Card is unique plans which will make traders enable to obtain easy loans,” it said.
“The CAIT is pleased to note that the BJP has also kept Start Ups in loop by providing a seed start up fund of Rs 20 thousand crores,” they said, adding that the announcement for collateral free credit to MSME up to Rs.50 lakh will also benefit the trading community.
“The promise to lowering the tax rate will improve the compliance and will also prove to be an encouragement to honest tax payers. It has also announced formation of technology centers for mentoring skills of MSMEs will scale the capabilities of traders across the Country. It has also promised to simplify GST by consultation with stakeholders will further rationalise GST tax structure,” they said.
The announcement to set up farmers’ producer organisation will boost the sentiments of trading community engaged in agricultural products, it added.