New Delhi, January 26, 2022: “The MSMEs have been hugely impacted by the COVID-19 pandemic induced lockdowns in the past two years. The government announced the ECGLS scheme to provide support during the initial lockdown days. The expectation from the Union Budget 2022-23 will be to further provide support to these small & medium businesses through policies that drive reduction in interest rates on loans and enhance loan procurement process to help walk on the road to recovery and subsequent business growth. Also, revisiting duties and taxes in sectors which can compete at international markets will lead to faster growth of MSMEs. Furthermore, to accelerate Atmanirbhar – Make-in-India and Made-for-India, government may re-visit and reduce the GST on capital goods to encourage small enterprises and businesses to invest more and produce more”
Corporate Comm India (CCI Newswire)
