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Budget bytes: Right moves towards $5 trillion economy

Collateral-free loans big relief for MSMEs

 

By YOGESH MUDRAS

Managing Director, Informa Markets in India

FM Nirmala Sitharaman presented the first-ever paperless budget with a special focus to Healthcare and Infrastructure sector. The announcement for Rs 64,180 crore for the overall Healthcare sector in the Union Budget of 2021 was a vital move by the Government to strengthen the Health and Wellness centers across India and contribute to our National Health Mission.

The vision for recovery in the state-wise infrastructure activities supported by robust investments will give the economy the much-needed impetus and help us march towards the $ 5 trillion marks.

The collateral-free loans and funds for MSMEs will stimulate growth and render solace to MSMEs hit by the pandemic.

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