Union Budget 2025: MSMEs seek targeted subsidies, optimised taxation, incentives for lending

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Union Budget 2025: MSMEs seek targeted subsidies, optimised taxation, incentives for lending - Economic Times

Quick Summary:

Micro, small, and medium enterprises (MSMEs) in the country anticipate the Union Budget 2025 to address their challenges through the introduction of favourable measures.

Speaking at the National MSME Cluster Outreach Programme in Bengaluru in November 2024, Sitharaman said, "In this Budget (July), we have announced that banks will do the credit assessment within themselves.

Similarly, Sundeep Mohindru, Founder and CEO of M1xchange, says that the credit guarantee scheme will provide more confidence to banks and, in turn, ease the credit sanction process.