MSME GROWTH IN FOCUS: KEY BUDGET 2024-25 INITIATIVES AND THEIR IMPACT
- Credit Rating Agency in India
- Industry Report
- MSME GROWTH IN FOCUS: KEY BUDGET 2024-25 INITIATIVES AND THEIR IMPACT
In the Union Budget 2024-25, several initiatives have been announced for the Micro, Small, and Medium Enterprises (MSME) sector. The government introduced a self-financing guarantee fund, providing up to ?100 crore of guarantee cover for each applicant to boost labour-intensive manufacturing, particularly for MSMEs. This strategic move aims to facilitate continued credit flow, especially during periods of financial stress for MSMEs.