Prime Minister Narendra Modi on Friday said that his government was working to create a conducive atmosphere to help people from ordinary backgrounds to become entrepreneurs.
In his inaugural address to the Global Patidar Business Summit in Surat, Mr Modi also asked the community to form groups of entrepreneurs and experts to suggest policy changes for reforms in banking and other sectors, and also point out the shortcomings in current policy.
“I will urge you to make 10 to 15 groups of entrepreneurs, young and old, who should take up sectors in which you think we need to make an impact, study global practices of those sectors, how its market can be developed, point out shortcomings and suggest changes in government policies for it,” Mr Modi said.
“For example, take banking. Why is the banking sector not growing, find out the problems. Every week I get representation from Surat’s diamond industry saying that banks do not extend credit to them and request me to do something. So where are our policies going wrong, why do we have such questions of priorities,” The Prime Minister said in his virtual address.
He added that he would also sit with them to understand and find solutions.
“You prepare documentations on what is the right policy that needs to be implemented by the government and make a presentation of your findings. I assure you that if you seek my time, I will also sit for your presentation on banking and other subjects, and also ask government officials to remain present,” Mr Modi said.
In his speech, the PM also listed new initiatives and measures his government has undertaken to boost the economic activities in the country.
“The government is working to create an atmosphere in which anyone coming from a very ordinary family can become an entrepreneur, dream about being one and take pride in it,”he said.
He asked the Patidar community businessmen and entrepreneurs to look for new business opportunities in sectors like food processing, organic farming, Ayurveda, traditional medicines etc.
He also listed the various policy measures the government has taken to support small and medium enterprises that create maximum jobs in the economy.
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