Mr.Sandip Chhettri,CEO,Tradeindia:
“As expected, it is encouraging that Budget 2022 has come with a number of MSME-friendly measures. It was announced that a Rs 6,000- crore Raising and Accelerating MSME Performance (RAMP) program will be rolled out in the coming five years. This is a big relief for the Covid-hit sector. Similarly, the decision to interlink Udyam, e-shram, NCS & Aseem portals and to widen the scope of these portals is a welcome one. It will help provide better opportunities to the sector in terms of credit facilitation and other key services. We also welcome the announcement to raise a fund with blended capital under the co-investment model facilitated through NABARD. This fund is aimed at pushing startups in agriculture & rural enterprises, which is very important in this difficult time”
Ms. Sameen Husain Cofounder & CEO, Prodo:
There’s a $400 billion credit gap in the MSME sector. The highlight of the budget for us is the government’s push towards credit facilitation and focus on increasing MSME productivity. This will also enable a smoother supply chain for B2B eCommerce where the backbone of supply is heavily dependent on the MSME sector.”