Quote on Union Budget 2025 by Mr. Ketan Mehta, CFO of CredAble
Below the Quote on Union Budget 2025 by Mr. Ketan Mehta, CFO of CredAble
"The budget rightly focuses on expanding financial support for MSMEs, a sector crucial in positioning India as a global manufacturing hub and responsible for 45% of the nation's exports. Budget 2025 broadens MSME eligibility, increasing turnover up to INR 500 crore. While this, along with an INR 10 crore credit guarantee scheme for MSMEs, is promising, how quickly and efficiently businesses can secure these funds will determine its true impact. Additionally, DPI-enabled export financing, combined with term loans of up to INR 20 crore for well-run export-oriented MSMEs, will empower businesses to step into international markets. Providing the right means to scale would also include building manufacturing and export competitiveness through digital trade networks and strong buyer-supplier ecosystems."
Above views are of the author and not of the website kindly read disclaimer
