Powering MSMEs for self-reliance

Focus on fuelling demand, strengthening participation of MSMEs in digital economy, accelerating tech ecosystem, and simplifying regulatory frameworks is commendable

- KALYAN KRISHNAMURTHY, CEO, FLIPKART

Support to MSMEs and women entrepreneurs MSMEs are the backbone of our industrial base, with the micro sector accounting for over 99% of the total estimated number, more than half of which originates from tier-II regions and beyond. The Budget recognises the importance of MSMEs and their role in the government's Make in India programme.

Doubling the credit guarantee cover to ₹10 crore for micro and small enterprises will improve access to funds and help these entities scale up. This includes creating opportunities to leverage new digital technologies and for them to be a part of the growing digital ecosystem.