Govt favours big business over 9 cr SMEs: Subhash Garg

Retired IAS officer and former Finance Secretary Subhash Garg argues that the government is insensitive toward India’s 8-9 crore SMEs. Despite being closer to customers, small businesses lack a formal identity, preventing them from securing loans. He suggests that the system currently favours big businesses while failing to help small companies create the identity needed to grow.