Union budget takeaway focusing on the MSME sector By Mr. PratapsinghNathani, Director at LoanXpress (A Beacon group company)

> The interim budget has generated a wave of optimism among Micro, Small, and Medium Enterprises (MSMEs) in India with an allocation of INR 22,137.95 crores including new clusters and technology centres, aiming for global competitiveness & providing financial stability and a robust framework for sustained growth.

> Key initiatives such as the Prime Minister Mudra Yojana, Start-Up India, and the Start-Up Credit Guarantee have been pivotal in providing substantial support to the MSME ecosystem.

>Furthermore, the allocation of an Interest free debt of corpus INR 1 lakh crore, with a 50-year interest-free loan can fuel R&D and paves the way for long-term financing or refinancing.

>The notable 11% increase in capex outlay promises significant expansion for infrastructure development, given the strong base of the last two years.

> Green initiative such as Incentivising biofuels, rooftop solarization, offshore wind energy, and EV expansion will promote sustainable investment on a large scale