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Finance Minister Nirmala Sitharaman emphasised support for MSMEs and labour-intensive manufacturing, including the extension of the Mudra loan limit from Rs 1 million to Rs 2 million.Read more
Twelve industrial parks under the National Industrial Corridor Development Programme will also be sanctioned, with significant progress already in Uttar Pradesh and Tamil Nadu. Read more
The manufacturing sector is crucial for job creation, export growth, and overall economic development. Read more
These budgetary measures are pivotal in ensuring the long-term prosperity of MSMEs in India.Read more
MSMEs contributed 35.4% to all-India manufacturing output in FY 22, and MSME-made products accounted for 45.7% of exports in FY 24.Read more
The budget places special attention on MSMEs and labour-intensive manufacturing, introducing a new assessment model for MSME credit by public sector banks based on digital footprints rather than only on assets and turnover criteria. Read more
These will be based on enrolment in the EPFO, and focus on recognition of first-time employees, and support to employees and employers. Read more
The FM said that the Government has formulated a package that covers financing, regulatory changes and technology support for MSMEs.Read more
To encourage the states to provide support of similar scale for infrastructure, the Finance Minister Smt Nirmala Sitharaman announced a provision of Rs 1.5 trillion for long-term interest free loans this year. Read more
New customs duty rates are proposed for commodities from lifesaving medicines to rare earth minerals.Read more
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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