1. Credit space for retail sector should be enhanced

Credit space for retail sector should be enhanced

Credit space for the retail sector should be enhanced to address the financial challenges, Micro Small and Medium Enterprises (MSME) Secretary Anup K Pujari said.

By: | New Delhi | Published: January 16, 2016 1:28 PM
fdi in multi brand retail

It was critically important to enhance the credit space available to the retail sector to address its financial challenges, he said. (Reuters)

Credit space for the retail sector should be enhanced to address the financial challenges, Micro Small and Medium Enterprises (MSME) Secretary Anup K Pujari said.

It was critically important to enhance the credit space available to the retail sector to address its financial challenges, he said.

“Merely by granting industry status to retail segment will not tide over its challenges and help ease the access to the credit,” Pujari said at the CII National Retail Summit here.

He further said that MSMEs in the retail segment were automatically covered under the priority sector, where 40 per cent of the credit has been allocated.

Pujari added that all format of retail as organised and e-commerce could co-exist.

“I am confident in the Indian retail landscape newer concepts will emerge that will take care of interests of all stakeholders,” he added.

  1. R
    Ravinder Singh
    Jan 16, 2016 at 8:12 am
    Subject : lllegal Constructions cause : Because Town Planning & PMRDA not allowing sanctioning for plots less than 2000 sq. mtr. in PMRDA area( Outside PMC & PCMC ), Pune, Maharashtra even if plots are in Residential Zone. Dear Sir, There is a very big issue of Illegal Construction and buildings outside PMC & PCMC area ( The area covered under PMRDA - Pune Metropolitan Region Development Authority ). The Big Cause of Illegal Construction because of BJP Govt. is not rectifying the clause 13.3.1 , which was mistakenly written in the MRTP DCR which was revised in November 2013. The Building byelaws which was published on 21st November 2013 by GOVERNMENT OF MAHARASHTRA, URBAN DEVELOPMENT DEPARTMENT, MUMBAI, has mistake in clause no. 13.3.1 Recreational open spaces ( which states that : If such sub-divided holding in revenue/city survey record admeasures less than 0.4 or 0.8 Ha., then 10% open space shall be left which shall not be in any case less than 250 sq.mt. ). That means if a plot is 500 sq. mt. than the land owner have to leave 250 sq. mt.area for open space with minimum width of 10 meter. And only 250 sq.mt. plot is left and after deducting side margins , only small house shall be constructed. And if a plot is 250 sq.mt / 2.5 Guntha nothing can be constructed. **** IF YOU WILL ASK PMRDA OFFICIALS TO SANCTION SMALL PLOTS LESS THAN 2000 SQ. MT./ 20 GUNTHA - They will straight away say no. **** A very BIG ISSUE BJP Govt. is creating by not sanctioning small plots which are in Residential Zone. And hence Illegal Construction / Buildings are in large no. 1) Problem in Clause No. 13.3.1 - Page No. 29 ( In 21st November 2013 DCR - ABC Munil Corporation ) 2) No Problem in Clause No. 3.4.1 - Page No. 57 ( In - D Cl Munil Corporations ) 3) No Problem in Clause No. 13.3.1 - Page No. 193 ( In DC Rules Old Limit PMC ) As stated in No. 1) there is problem for the area which comes under PMRDA. ( For all the land / plot which are outside the PMC & PCMC limits.) Ravinder Singh Rajpurohit Cell No. 09960008880
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