West Bengal industries hail state budget; welcome Rs 50 cr allocation to MSMEs

Kolkata, Feb 11 (KNN) The West Bengal industries have hailed the state budget presented by Bengal Finance Minister Dr Amit Mitra on Friday.

According to a release by All India Trinalmool Comgress, Rakesh Shah, President, Bharat Chamber of Commerce, Kolkata, said it is a balanced Budget.

Chandra Sekhar Ghosh, President-Designate, The Bengal Chamber of Commerce and Industry, said he believes this Budget is a welfare oriented exercise in the aftermath of demonetisation. 

Confederation of Indian Industry (CII) also welcomed the proposals to earmark Rs 50 crore for Small and Medium Enterprises and Rs 100 crore for farmers.

The State Finance Minister’s announcement on salary increase for Anganwadi workers and Asha workers reflect the State Government’s “sincere will” to improve health and education at the grassroots level, said Rupali Basu, Vice Chairperson, CII Bengal.

In a statement released by Merchants’ Chambers of Commerce and Industry (MCCI), they said: finance minister proposed a number of steps in relation to VAT which will be subsumed over GST, is put in place.

The Bengal State Budget, which was unveiled on Friday, has allocated Rs 50 crore allocated for micro, small and medium enterprises (MSME) sector.

The Budget also proposes to bring small and medium enterprises and manufacturing companies under the ambit of minimal VAT scheme. (KNN Bureau)