Budget 2019 for MSMEs

The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, focuses on job creation, support for MSMEs, and agricultural development amidst global uncertainties. While the budget introduces a credit guarantee scheme for MSMEs and an increase in Mudra loans, reactions from Jharkhand entrepreneurs are mixed, with some expressing disappointment over the lack of specific financial packages for the state. The budget outlines nine priorities aimed at fostering economic growth, including infrastructure development, skill training, and enhancing agricultural productivity. Key allocations include Rs 1.52 lakh crore for agriculture and Rs 2.66 lakh crore for rural development, which aims to uplift the rural economy and support climate-resilient farming. The Bombay Stock Exchange's CEO praised the budget for being inclusive and forward-looking, emphasizing its potential to unlock economic multipliers. Overall, while the budget is seen as a step towards 'Viksit Bharat', the mixed feedback highlights ongoing concerns among certain sectors.