MSMEs: FM doubles budgetary allocation for MSMEs, but one scheme gets the king's share
Synopsis The Union Budget 2021-22 has earmarked an allocation of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises — more than double of the last year. iStock The biggest takeaway of this category has been the allocation earmarked to GECL facility to eligible MSME borrowers. For the Covid hit MSMEs, the key highlight of the Union budget 2021 remained a higher outlay to the sector. To accelerate the revival of the Covid- hit sector, Finance Minister Nirmala Sitharaman has made a provision of Rs 15,700 crore for the sector. The sector, touted to be the backbone of the na...
Source: indiatimes.com