• Home
  • Products
  • Channel
    • Channel
    • About Channel Offers
    • Channel Offer Listing
    • Channel Updates
    • Set up your Channel Offer
  • Realty
    • Realty
    • Realty Commercial
    • Realty Residential
    • Realty Retail
  • Management
  • IKC
    • IKC
    • Awards
    • Report 2019
    • Gallery
  • Videos
    • Videos
    • India Kitchen Congress
    • Conversations
  • Newsletter
  • Services
  • Contact Us
Log In

Submit a Video
User Panel Banner
Log In

  • Home
  • Products
  • Channel
    • About Channel Offers
    • Channel Offer Listing
    • Channel Updates
    • Set up your Channel Offer
  • Realty
    • Realty Commercial
    • Realty Residential
    • Realty Retail
  • Management
  • IKC
    • Awards
    • Report 2019
    • Gallery
  • Videos
    • India Kitchen Congress
    • Conversations
  • Newsletter
  • Services
  • Contact Us
HomeFintechBudget 2018: Promotes EODB for MSMEs

Budget 2018: Promotes EODB for MSMEs

  • February 1, 2018
  • 0 comments
  • Sourcing Hardware
  • Posted in FintechManagement
  • 0
  • Tweet
  • Share 0
  • +1
  • LinkedIn 0

R. Narayan, CEO, Power2SME

The government’s intent of promoting ‘ease of doing business’ among MSME players was evident in the announcements made by FM Arun Jaitley for MSMEs. With major focus on improving lending in the MSME sector, the government has announced a number of measures to ease the lending process and has also addressed to improve loan accessibility for MSMEs.

The allocation of Rs 3 lakh crore for lending under Mudra will definitely boost the sector financially and help the MSME’s grow their businesses more efficiently. Further, reduction of the corporate tax to 25% for small companies with annual turnover of up to Rs. 250 crore is a master stroke and this will bring relief to about 90% of MSME players in India. The government has also proposed revamping the system of sanctioning of loans to SMEs by linking it with GSTN. This will immensely help MSMEs with better management of working capital and faster discounting of the bills. Bank recapitalization will enable the public sector banks to lend an additional credit of 5 lakh crore, thereby allowing more companies and MSMEs to access required business loans. The FM’s agenda to provide viable environment for FinTech companies to grow will further help bridge MSME lending gap.

However, we had hoped for some more transformational reforms to boost the overall morale of MSME players. Some of the measures we expected the government to focus on are:

  • New reforms or strengthen of existing MSME Development Act to address the issue of delayed payments faced by MSMEs. As per recent reports, a total of Rs. 10,000 crore is a collective pending payment towards MSME players”

Related Posts

0 comments
*Management

Tally Unveils TallyPrime Software

0 comments
*Management

C3.ai, Microsoft, Adobe Join Hands to Launch CRM with AI

0 comments
*Management

WhatsApp Payment Service Goes Live in India

Budget 2018-19: Balanced but Not a Boon for Real E...

  • February 1, 2018
  • 0 comments

Budget 2018 will Incentivize Domestic Manufacturin...

  • February 1, 2018
  • 0 comments

Share this

About author

Sourcing Hardware

Related Posts

0 comments
*Management

Tally Unveils TallyPrime Software

0 comments
*Management

C3.ai, Microsoft, Adobe Join Hands to Launch CRM with AI

0 comments
*Management

WhatsApp Payment Service Goes Live in India

0 comments
*Management

Zoho Launches ‘Zoho Workplace’ to Boost Business Process

Tags

  • Budget 2018-19
  • MSMEs
  • Power2SME

Do not miss

0 comments
*Management

Tally Unveils TallyPrime Software

  • About us
  • Advertise with us
  • Contact Us
  • Privacy Policy
  • Newsletter
  • About Channel Offers
Got a hot tip? Send it to us!

Your Name (required)

Your Email (required)

Subject

Your Message

Got a hot tip? Send it to us!

Your Name (required)

Your Email (required)

Video URL

Attach Video

Category
SportNewsTechMusic

Your Message