As MSMEs gear for the upcoming full budget for this year by FM Nirmala Sitharaman on July 23, stakeholders of the MSME ecosystem expect a number of measures

As MSMEs gear for the upcoming full budget for this year by FM Nirmala Sitharaman on July 23, stakeholders of the MSME ecosystem expect a number of measures

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These measures focus on credit, delayed payments, skill development, ease of doing business and more:

These measures focus on credit, delayed payments, skill development, ease of doing business and more:

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“MSME interest rate should be brought at par with the housing loans to enable them to upgrade their technology, skilled labour and infrastructure”

“MSME interest rate should be brought at par with the housing loans to enable them to upgrade their technology, skilled labour and infrastructure”

Vijay Kalantri, Chairman, WTC Mumbai & President, AIAI

Vijay Kalantri, Chairman, WTC Mumbai & President, AIAI

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"The budget should allocate significant funding for upskilling and reskilling programs, particularly in automation, artificial intelligence, and data analytics"

"The budget should allocate significant funding for upskilling and reskilling programs, particularly in automation, artificial intelligence, and data analytics"

Mukul Goyal, Co-Founder, Stratefix Consulting

Mukul Goyal, Co-Founder, Stratefix Consulting

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"The government should expand reach of CGTMSE and promote innovative lending models to bridge the MSME credit gap"

"The government should expand reach of CGTMSE and promote innovative lending models to bridge the MSME credit gap"

Amit Bansal, CEO, Solv

Amit Bansal, CEO, Solv

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"The budget should prioritize measures to improve access to liquidity, skill development, and ease of doing business for small enterprises"

"The budget should prioritize measures to improve access to liquidity, skill development, and ease of doing business for small enterprises"

Rakesh Kaul, CEO, Clix Capital

Rakesh Kaul, CEO, Clix Capital

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"There is an expectation that 45-day payment terms for MSMEs will be relaxed to avoid diversion of sourcing to non-MSME vendors by larger corporates"

"There is an expectation that 45-day payment terms for MSMEs will be relaxed to avoid diversion of sourcing to non-MSME vendors by larger corporates"

Monu Jain, Partner-credit, Aavishkaar Capital

Monu Jain, Partner-credit, Aavishkaar Capital

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"Need to address the problem arising out of section 43B(H) for delayed payments holistically like how the banking industry got better with timely payments due to credit bureaus"

"Need to address the problem arising out of section 43B(H) for delayed payments holistically like how the banking industry got better with timely payments due to credit bureaus"

Winny Patro, CEO and Co-Founder, Recordent India

Winny Patro, CEO and Co-Founder, Recordent India

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"Over the years, the borrowing prospects of MSMEs have improved, and this budget should lay the groundwork for a more inclusive, resilient, and dynamic financial ecosystem for MSMEs"

"Over the years, the borrowing prospects of MSMEs have improved, and this budget should lay the groundwork for a more inclusive, resilient, and dynamic financial ecosystem for MSMEs"

Karthik Srinivasan, CBO, HDB Financial Services

Karthik Srinivasan, CBO, HDB Financial Services

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