Views on Pre Budget Expectation by Arun Kumar Nayyar, CEO and Managing Director, NeoGrowth Credit
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Below the Views on Pre Budget Expectation by Arun Kumar Nayyar, CEO and Managing Director, NeoGrowth Credit
“The government's strong commitment to the MSME sector is evident through its multiple initiatives to foster growth and resilience. This year, we are confident of further support in improving access to credit, strengthening digital public infrastructure, and enhancing liquidity measures.
Timely access to credit remains a significant challenge for MSMEs. Non-Banking Financial Companies (NBFCs) play a crucial role in reaching underserved and unserved segments. Therefore, creating an enabling environment through increased funding and regulatory reforms is essential.
According to the recent NeoInsight Study by NeoGrowth, titled 'MSME Business Confidence Study 2024', 82% of MSMEs plan to adopt new digital tools this year. Government-led skilling programs can further aid in helping them upgrade digitally and enhance their operations.These initiatives will address challenges, drive growth, and ensure resilience in the MSME sector, contributing to the nation's economic stability and progress.”
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