CII terms Budget as growth-oriented, commends prioritizing MSMEs
It said that the initiatives highlighted in the budget will fortify the backbone of our economy, driving innovation, job creation, and sustainable growth.
It said that the initiatives highlighted in the budget will fortify the backbone of our economy, driving innovation, job creation, and sustainable growth.
The Minister said the budget has allocated Rs 1.48 lakh crore specifically for education, employment, and skilling, underscoring the government's commitment to these vital areas.
According to the MSME Department, about 22 lakh new entrepreneurs will be created only through this scheme.
It highlighted the success of the Udyam Registration portal that has received 4.69 Crore registrations as of 5 July 2024, playing an instrumental role in formalising MSMEs by providing a simple, online, and free registration process based on self-declaration.
Giving an impetus to the government's vision of 'Aatmanirbhar Bharat', (DRDO) has awarded seven new projects to industries under the Technology Development Fund scheme for various requirements of the armed forces and aerospace & defence sectors.
Accusing Prime Minister Narendra Modi of systematic “bludgeoning” of micro, small and medium enterprises (MSMEs) and informal businesses, Congress leader Jairam Ramesh on Wednesday alleged the policies of his government proved an economic "catastrophe" for the country.
Khanna was addressing a two-day 'Uttar Pradesh MSME Conclave' organised by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) here on Wednesday.
The webinar was organised by the Ministry of Mines, and attended by more than 200 participants.
A total of 56 startups/MSME participated out of which 5 have been selected for funding a total of Rs 6 crore based on milestones.
Since its inception in 2000 till November 30, 2023, The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has extended guarantees amounting to Rs 5,33,587 crore.
