Union Budget 2019: MSMEs get a leg-up, says Crisil COO Amish Mehta

Creation of a new payments platform by the Centre to facilitate faster payments for MSME vendors will also ease working capital and cash flow stress

As in previous years, the Budget made a number of policy announcements to spur the micro, small and medium enterprises (MSMEs) segment. While the near-term impact may be moderate, given the limited allocation to the sector due to resource constraints, the steps taken in the Budget are in the right direction.

A 2 per cent interest rate subvention on fresh loans for GST-registered MSMEs would benefit a fifth of the companies 

in this segment. 

Amish Mehta, COO, Crisil

But the Rs 350 crore allocation for this would support