/dqc/media/agency_attachments/3bO5lX4bneNNijz3HbB7.jpg)
Follow Us/dqc/media/post_banners/wp-content/uploads/2021/11/tcs-adobe.jpeg)
IT MSMEs leaders have expressed their expectations from the Budget 20222 which is scheduled to be announced on 1st of Feb 2022.
Winny Patro, CEO & Co-founder, Recordent says, “The MSMEs have been hugely impacted by the COVID-19 pandemic induced lockdowns in the past two years. The government announced the ECGLS scheme to provide support during the initial lockdown days. The expectation from the Union Budget 2022-23 will be to further provide support to these small & medium businesses through policies that drive reduction in interest rates on loans and enhance loan procurement process to help walk on the road to recovery and subsequent business growth."
"Revisiting duties and taxes in sectors which can compete at international markets will lead to faster growth of MSMEs. Furthermore, to accelerate self-reliance - Make-in-India and Made-for-India, government may re-visit and reduce the GST on capital goods to encourage small enterprises and businesses to invest more and produce more.”
--Winny Patro, CEO & Co-founder, Recordent
Nitin Jain, Co-founder, NowFloats says, 2021 was the year of prosperity for the MSME segment in India. Despite constant lockdowns and market fluctuation, the sector was able to maintain its momentum with the help of government initiatives that ensured a balanced flow of capital for small and medium businesses in the country."
"This year too as last year, the MSMEs sector is expected to continue growing with a higher demand for digital/ technological solutions, especially in the E-commerce and retail segment where businesses are trying the adopt personalised tech solutions for greater business efficiency across geographies."
--Nitin Jain, Co-founder, NowFloats
Nitin continues, "We are certain that Union Budget 2022 will provide a significant push to the SMBs by facilitating digital enablement of their products and offerings. NowFloats will continue to support the bigger agenda of ‘Digital India’ by enabling the digital growth and transformation of SMEs across the country.”