The apex body for exporters in the country, FIEO, has sought announcement of measures from the FM in the upcoming budget to help MSME sector in job creation and technology upgradation.

Talking to KNN, Ajay Sahai, DG, FIEO, said there is a need for export marketing strategy along with an export development fund with a corpus of 0.5 percent of the export value.

This he said will encourage MSMEs to easily enter the market and sell their products.

Sahai further said the Credit Linked Capital Subsidy Scheme (CLCSS) has helped the small scale sector to modernize and expand their production.

“The CLCSS limit was fixed at Rs 1 Cr in 2006 and therefore, the limit under CLCSS should be increased from Rs.1 Cr to Rs.5 Cr,” said Sahai.