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Budget 2024-25: A boost for growth, MSMEs, and job creation
The Business Guardian
|July 27, 2024
Brijendra Kagzi, CMD of Shrijee Lifestyle Pvt. Ltd, has commended the Union Budget for 2024-25, describing it as growth-oriented with significant potential to enhance employment, skill development, and the growth of MSMEs.
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His praise highlights key budget measures designed to drive progress in the textile sector, one of India’s largest employment generators.
Key Highlights Employment Incentives: The budget’s employment linked incentives and internship programs are expected to significantly boost job creation within the textile sector.
This industry is recognized as the largest employment generator in manufacturing, and these measures aim to further expand its capacity to provide jobs.
Credit Guarantee Scheme: The proposed Credit Guarantee Scheme for MSMEs stands out as a crucial initiative. It allows MSMEs to secure funding without the need for collateral or thirdparty guarantees, a move anticipated to spur growth and development within this vital sector. Kagzi emphasized that access to credit has been a longstanding challenge for MSMEs, and this scheme could be a game-changer.
Dit verhaal komt uit de July 27, 2024-editie van The Business Guardian.
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