Union Budget 2024 Live: Sitharaman To Table Budget Tomorrow, Common Man Hopeful Of Tax Relief
The Budget Presentation is scheduled on Tuesday in the week. The MSME sector expects the Union Budget to focus on improving credit access for the industry. Arun Kumar Nayyar, CEO and MD, NeoGrowth Credit, noted, "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."
The recent NeoInsight Study by NeoGrowth, titled 'MSME Business Confidence Study 2024', found that 82 per cent of MSMEs intends to adopt new digital tools in the year. Skilling initiatives by the government can further help these entities in upgrading digitally and boosting their operations, Na...