Page 32 - NIS English Aug 1-15, 2024

Budget

Manufacturing
2024-2025

and MSMEs

The basis of self-reliance,

the sector leading the

production world

Manufacturing and MSMEs are becoming
the strong foundation of the country's self-
reliance, for which the government is not only
easing the way for financial assistance but
also simplifying the rules and regulations. In
this budget, special attention has been given
to MSMEs and manufacturing, especially
labor-intensive manufacturing. Union Finance
and Corporate Affairs Minister Nirmala
Sitharaman has said in the budget speech that
a package has been created which includes
financing, regulatory changes, and technology
support for MSMEs to help them flourish and
become globally competitive. Manufacturing
and MSMEs have been given focus in
the budget to establish India as a global
manufacturing hub.

This budget will provide a new
path of progress to small traders,
and MSMEs, i.e. small industries.
There is also an emphasis on
manufacturing in the budget,
there is also emphasis on
infrastructure. This will give new
impetus to economic development
and will also provide continuity to
the momentum.

- Narendra Modi, Prime Minister

30 New India Samachar August 1-15, 2024

30-07-2024 17:21:13
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