FISME was called by the Parliamentary Standing Committee to present its viewpoint on the budget allocation 2018-19. The delegation from FISME informed the august committee about the crucial position of the MSME sector in the Indian economy and its 40% contribution in the exports. The delegation lamented Instead of handholding the MSMEs to reach new markets, most of the Government budget on ‘Market Assistance Initiative’ scheme for export promotion is diverted elsewhere.

FISME delegation also informed the committee the pains of MSME exporters in getting refund of the IGST paid. While Government claims a streamline process for refund of the IGST, on the ground the refund is withheld due to one reason or other. The delegation insisted on the Committee to direct an early solution of the problem, else exports from the country will be seriously affected.

Another issue raised by FISME was about the transparent grievance redressal machinery. At present, all grievances placed are dealt at the department level, so it is not surprising that most of the issues raised are summarily rejected. FISME delegation requested the committee to constitute a Grievance redressal portal at public domain where both the complaints received as well as their redressal will be available realtime.