“We welcome the Union Budget presented today by the Indian Government. It is a highly supportive budget for the MSME sector, especially after the challenges faced by the sector during the last 2-3 years. The biggest support comes with the infusion of INR 9000 crores in revamped credit guarantee scheme for MSMEs. This will aid the existing MSMEs to grow their businesses at an exponential rate and encourage new businesses to enter the game.
With significant reforms announced today for the ease of doing business, owners of companies are secure & confident that these initiatives will in return provide a sense of surety for business owners. The Union Budget is progressive as the reforms safeguard the interests of MSMEs to ensure that the dues are cleared without delays.”