Budget With SMEStreet

A Fund of Funds Likely for MSMEs: Union Budget 2020 Expectation

Prime Minister Narendra Modi himself has made it very clear that It is the MSMEs which have to get pushed and promoted in order to achieve the mammoth goal setting of 5 Trillion Dollars Economy. This sector has reached to a never-before kind of status on Indian Prime Minister’s priority list. Nitin J Gadkari, Union Minister of MSME have shown immense focus and policymaking innovation in the direction of improvising status of MSME business in India, we can clearly expect that something really big is on it’s a way for MSMEs. In this Union Budget 2020, Indian MSMEs are expecting major reforms from the perspective of credit availability and banking infra in favour of small businesses.