The Micro, Small and Medium Enterprises Association (MSME) of Mysore has welcomed the Union Budget as a balanced budget.It lauded the proposal to earmark Rs 5,000 crore to SIDBI and Rs 3,000 crore to Nabard and said this will support MSMEs in the country. It will also help self-assessment for imports and exports and duty-free exports.
The MSME also hailed tax reduction to electro-mobile hybrid cars, solar equipments, garments, steel and yarn. These would benefit industries in those sectors to boost production and make the items available at lower costs, Association Secretary Suresh Kumar Jain said. Besides being a balanced budget, it was agri-based and eco-friendly as it supported these vital sectors too, he added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app