Maharashtra CM Devendra Fadnavis praises Union Budget 2025, calling it a 'dream budget' for the middle class. He highlights increased income tax exemption, expected benefits for MSMEs, and a focus on agriculture schemes as major positives for the economy.
Union Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in the Lok Sabha today outlining a roadmap for India's continued economic expansion, emphasizing agriculture, micro, small, and medium enterprises (MSMEs), investment, and exports.
In a major push to strengthen the Micro, Small, and Medium Enterprises (MSME) sector, the Union Finance Minister in budget 2025 announced an increase in investment and turnover limits for classification of MSMEs.
She said, "This budget is dedicated to accelerating growth, driven by our aspirations for a 'Viksit Bharat.' Our economy remains the fastest growing among all major economies."
PHD Chamber of Commerce and Industry (PHDCCI), has expressed expectations that the upcoming budget will focus on improving liquidity for Micro, Small, and Medium Enterprises (MSMEs) and providing financial relief to the middle class.
Industry leaders and experts are hoping for measures that drive consumption, incentivize capital expenditure, and support critical sectors such as real estate, MSMEs, healthcare, artificial intelligence (AI), electric vehicles (EVs), and renewable energy. Furthermore, continued fiscal con
It noted that the government plans to strengthen long-term industrial growth by focusing on research and development (R&D), micro, small, and medium enterprises (MSMEs), and capital goods
Utkal Chamber of Commerce and Industry (UCCI) President, Dr Prabodh Mohanty, on Friday expressed his hope that the upcoming Union Budget 2025-26 will be progressive and target micro, Small and medium enterprises (MSMEs), emphasising the role of the sector to make India become a $ 5 trilli
Lakshmi Venkatesan Venkataraman, Founding and Managing Trustee, Bharatiya Yuva Shakti Trust, said, "One of the key concerns for microentrepreneurs is access to timely and adequate credit. While fintech firms and NBFCs process loans in a few days, banks still take 2-3 months, causing delays."
New Delhi [India], January 27: 121 Finance, an RBI-registered NBFC-Factor, partnered with GeM (Government-e-Marketplace), an initiative of the Ministry of Commerce and Industry, alongside Perfios and Tata Consultancy Services to bring live the new enhanced version of GeM Sahay.
The Union Government, in its upcoming Budget 2025, may announce innovative measures to boost infrastructure, agriculture, MSMEs, and other critical sectors, according to a report by the State Bank of India.
As the Union Budget 2025-26 approaches, several industry leaders have voiced their expectations for continued support, particularly in areas like venture capital funding, MSME growth, and emerging technologies such as AI and robotics.