MSME loans, exports, jobs, and other policy changes expected from new Modi govt: Report
MSME loans, exports, jobs, and other policy changes expected from new Modi govt: Report
Image source: Reuters
Jun 26, 2024
Mohammed Ramees
Expected in the upcoming budget, the changes could be around providing higher indemnity to banks for MSME loans to MSMEs, as per a CNBC-TV18 report
Expected in the upcoming budget, the changes could be around providing higher indemnity to banks for MSME loans to MSMEs, as per a CNBC-TV18 report
Image source: Pexels
Moreover, backward linkages for MSMEs to PLI schemes and setting up a new institute to boost credit to small businesses and exports
Moreover, backward linkages for MSMEs to PLI schemes and setting up a new institute to boost credit to small businesses and exports
Image source: Pexels
Further, the Atal Innovation Mission could be revamped for greater emphasis on entrepreneurship and job creation
Further, the Atal Innovation Mission could be revamped for greater emphasis on entrepreneurship and job creation
Image source: Pexels
Additional allocation is also expected for the aspirational districts programme in the upcoming budget
Additional allocation is also expected for the aspirational districts programme in the upcoming budget
Image source: Pexels
The budget may also revise the 45-day payment rule for MSMEs to address their delayed payment challenges
The budget may also revise the 45-day payment rule for MSMEs to address their delayed payment challenges
Image source: Pexels
Nirmala Sitharaman in May this year had said the government would consider repealing changes to Section 43B of the IT Act for delayed payments
Nirmala Sitharaman in May this year had said the government would consider repealing changes to Section 43B of the IT Act for delayed payments
Image source: Reuters
Earlier, traders body FAIVM had urged the government to extend the payment period for MSMEs to up to 180 days
Earlier, traders body FAIVM had urged the government to extend the payment period for MSMEs to up to 180 days
Image source: Pexels
The budget is expected to be presented in the last week of July by Nirmala Sitharaman
The budget is expected to be presented in the last week of July by Nirmala Sitharaman
Image source: Pexels
Image source: Pexels
Learn more