New Delhi, Feb. 5 -- Finance Minister Nirmala Sitharaman last week presented the Interim Budget 2024-25. It is her sixth consecutive Budget which overall talks about India's growth potential and the importance of policy continuity, with focus on areas like inclusive growth, modern infrastructure development, capital expenditures, etc. There are praises as well as criticism, and as far as the MSME sector is concerned, the reactions seem to be mixed.
The Budget allocates Rs 22,137 crore to the MSME ministry. Allocation for the ECLGS has been reduced to Rs 10,162.92 crore - by some 4000 crore - but an amount of Rs 450 crore has been allocated for establishing new technology centres, Rs 400 crore for development of Micro and Small Clusters and...