India, Feb. 2 -- In her Budget, the first one that was prepared in the new 'Kartavya Bhawan, Finance Minister Nirmala Sitharaman talked about how the Government was inspired by 'three kartavya,' the first of which was to accelerate and sustain growth. One of the crucial ingredients of this was to create 'Champion MSMEs.'

To help some of the Ministry of Micro, Small and Medium Enterprises (MSMEs) to become "future Champions," the Budget pinpointed a three-pronged approach, which included support related to equity, liquidity, and professional issues. "The Budget has laid clear focus on the development of MSMEs. This will aid the proliferation of small and medium enterprises across sectors, support spatial development of sectors, while crea...