Budget acknowledges need to support MSMEs
23-Jul-2024 04:21 PM 2678
Chennai, July 23 (Reporter) The Union Budget 2024 has acknowledged the need to support MSMEs and improve skill training, especially among the rural population. DVARA KGFS MD an CEO Murty LVLN, in a statement on Tuesday said, significant focus is given to the agricultural sector to increase digital public infrastructure which will push more farmers to be a part of the registry making the agriculture sector more transparent. This move will pave the way for fintechs and agricultural fintechs to support farmers with better financial offerings, he said. "We welcome the government’s initiative to introduce a new mechanism for MSMEs to continue seeking bank credit during stress period to ensure smooth functioning. The continuous focus of the budget on the MSME sector, to compete globally, will result in a positive incentive for the rural parts of the country, thereby, increasing the rural GDP”, he added...////...
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