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PM Narendra Modi addressing the post budget webinar on MSME.
Stable policies and good business environment are important for the development of any country. We have removed more than 40,000 compliances while improving the Ease of Doing Business. A simplified income tax system has also been introduced. Now we are working on Jan Vishwas Bill 2.0.
Prime Minister Narendra Modi addressed the post budget webinar on MSME on Tuesday (March 4) today. During this, he said this.
7 big things about PM Modi's address …
- This budget was the first full budget of the third term of our government. The most special thing about this budget was, more delivery than expectations. There are many sectors where the government took more steps than the expectations that experts had made.
- Today every country of the world wants to strengthen its economic partnership with India. Our manufacturing sector should come forward to make maximum benefit of this partnership.
- We carried forward the vision of self -sufficient India and accelerated our speed of reforms. Our efforts reduced the impact of Kovid on the economy, helping India to make a fast -growing economy.
- 14 sectors are getting the benefit of the PLI scheme. 7.5 crore units have been approved under this scheme. This has brought an investment of more than ₹ 1.5 lakh crore, production of more than ₹ 13 lakh crore has been done and more than ₹ 5 lakh crore has been exported.
- R&D has an important contribution in India's manufacturing journey, it needs to be further extended. Through R&D, we can focus on innovative products, as well as a value addition in products.
- We need to devise new ways for loan disbursement, ensuring that MSME can get low cost and time loan. For the first time, loans of up to Rs 2 crore will be given to 5 lakh women, SC and ST entrepreneurs.
- Stable policies and good business environment are important for the development of the country. More than 40,000 compliances were removed, improving Ease of Doing Business. We also introduced a simplified income tax system. Now we are working on Jan Vishwas Bill 2.0.
PM Modi addressed the post budget webinar on MSME on 4 March.
4 big announcements related to business which were made in the budget
- The credit guarantee cover for MSME was increased from 5 crores to 10 crore.
- A new credit card of a limit of 5 lakhs for registered micro enterprises.
- The scheme will be launched under Make in India for toy manufacturing.
- The loan limit of PM self -representation scheme for street vendors will increase to 30 thousand rupees.
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