New Delhi, Feb 1 (KNN) In a significant announcement during the presentation of the Interim Budget 2024-25, Finance Minister Nirmala Sitharaman underscored the government's unwavering commitment to supporting the growth and expansion of Micro, Small, and Medium Enterprises (MSMEs).

The Finance Minister laid out a comprehensive strategy aimed at providing timely finances, relevant technologies, and appropriate training to empower MSMEs to extend their reach globally.

Highlighting the pivotal role of MSMEs in the economic fabric of the nation, Finance Minister Sitharaman stated, "Our government is dedicated to ensuring that MSMEs have access to the necessary resources and tools to not only survive but thrive in the global market. We are committed to providing timely and adequate finances, relevant technologies, and appropriate training that will position MSMEs as key contributors to India's economic growth."

One of the key pillars of the government's strategy is the orientation of the regulatory environment to facilitate the seamless growth of MSMEs. Sitharaman emphasised the need to create a conducive regulatory framework that minimises hurdles and fosters an environment conducive to innovation and expansion.

"In our policy mix, orienting the regulatory environment to facilitate MSME growth is paramount," the Finance Minister stated.

As the nation awaits further details on the specific allocations and implementation plans, the government's commitment to empowering MSMEs stands as a crucial element in steering the country towards a more robust and globally competitive economic trajectory.

(KNN Bureau)