Union Budget 2025 receives mixed reactions from Ludhiana’s MSMEs

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Union Budget 2025 receives mixed reactions from Ludhiana’s MSMEs - Economic Times

Quick Summary:

The announcement to increase the threshold of MSME turnover criteria from Rs 250 crore to Rs 500 crore has raised concerns among local industrialists, who fear that larger corporations will reap most of the benefits.

The announcement to increase the threshold of MSME turnover criteria from Rs 250 crore to Rs 500 crore has sparked concerns that larger corporations will reap most of the benefits.

While a section of local industry stakeholders believes that the government’s move to raise the thresholds for capital investment and turnover criteria is a significant boost to the MSME (micro, small, and medium Enterprises) sector, some voiced their disappointment regarding the absence of special package for Punjab and the lack of rationalisation of goods and services tax (GST) rates.