ENA MSME 2023-02-01 11:53:49 <p><span style="font-size:14px"><strong>Bengaluru, Feb 1 (KNN)</strong> Welcoming the revamp of the CGTMSE, Karnataka Small Scale Industries Association (KASSIA) has pointed out that Micro, Small Enterprises (MSEs) deserved a great deal more as most are capital starved and do not have access to collateral-free credit at affordable costs. </span></p> <p><span style="font-size:14px">The budget presented by the Union Finance Minister Nirmala Sitaraman has given thrust to infrastructure, youth, inclusive development, green growth etc., said K.N. Narasimhamurthy, President, KASSIA.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">In this direction, the budget has made a 33 per cent hike in the capital investment outlay which KASSIA hopes will be targeted at those investments that yield the best outcomes from the national perspective.</span></p> <p><span style="font-size:14px">It has appreciated the emphasis on green hydrogen and renewable energy besides agriculture and also the increased allocation and focus on skilling.</span></p> <p><span style="font-size:14px">We, of course, welcome the reductions in customs duties on certain inputs and capital goods which hopefully will improve competitiveness of our industry and help in larger exports, he added.</span></p> <p><span style="font-size:14px">The increase in IT rebate to Rs 7 lakh, and the reduction in rates under the slabs will be considerable help to the middle and salaried class, said the chief.</span></p> <p><span style="font-size:14px">Expressing its relief at the swift recovery of MSMEs enabled by the robust credit disbursement under the emergency linked credit linked guarantee scheme (ECLGS) as per the economic survey 2023 report, KASSIAs head said the doubling of EPFO membership to more than 27 crore was a significant pointer to job creation.</span></p> <p><span style="font-size:14px">The increase of scope of Digi locker for MSMEs and the proposal of Jan Vishwas bill to amend 42 laws will further help in reducing compliance requirements for industry, said Narasimhamurthy. <em><strong>(KNN Bureau)</strong></em></span></p> 32150 https://knnindia.co.in/news/newsdetails/msme/worthy-budget-but-not-sufficient-for-capital-starved-mses-kassia 2023-02-01 11:53:49 knnindia.co.in