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MSME Sector Union Budget 2023: Union Finance Minister Nirmala Sitharaman has also taken care of micro, small and medium enterprises (MSME) in the country’s general budget (Budget 2023-24). Small businessmen are going to get many benefits from this budget. The MSME sector is such a sector of the country, which helps in strengthening the Indian economy and making it self-reliant. Know what is the relief given to this sector…
9,000 crore investment
Giving relief to small businessmen, Finance Minister Sitharaman has said that the Credit Guarantee Scheme for MSMEs has been extended with an investment of Rs 9,000 crore. He said that this will enable MSMEs to get loans worth Rs 2 lakh crore. With this, the MSME sector which is facing crisis and facing shortage of money will get a boost. The benefits of the scheme proposed in the budget will start from April 1, 2023.
1% discount on loan
In this budget, a rebate of 1 percent will be given for taking loans in the MSME sector. This will provide relief to the small businesses and small entrepreneurs of the country to a great extent. The central government has included many aspects related to small business. This includes Infrastructure, Farmer, Railway, Airport, Industry, Urban, Transport.
Rebate will get relief in tax slab
The central government has given rebate in the tax slab to the Kovid-affected general public. This step of the government will also benefit the employees associated with the MSME sector. Along with this, the MSME sector, which is making a significant contribution to the Indian economy, will be able to gain momentum again.
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