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Union Budget 2021: MSME Gets A Rs 15,700 Crores Boost

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Finance Minister Nirmala Sitharaman has made a provision of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises (MSME) sector in the Union Budget 2021-22.

 

"We have taken a number of steps to support the MSME sector in this budget. I have provided Rs 15,700 crore more than double the previous year," said the Finance Minister said while presenting the Union Budget in the Parliament.

Union Budget 2021: MSME Gets A Rs 15,700 Crores Boost

The investment in MSMEs and the moratorium on loans of up to 2 crores will also play a crucial role in for the Indian corporates. Privatization of several government-related sectors such as ports will also add to the economic growth and employment generation," Lokendra Ranawat, Founder & CEO, WoodenStreet.

Read more about: msme budget 2021
Story first published: Monday, February 1, 2021, 13:44 [IST]
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