Budget 2021 – Highlights for MSMEs
The year 2020 brought a pandemic, disruption and destruction. The Covid-affected MSME sector has since been looking for respite in the Union Budget 2021-22. Let’s discuss some of the several measures introduced by Finance Minister Nirmala Sitharaman.
Stand-up India Initiative:
Budget 2021 has reduced the requirement for margin money from 25% to 15% under the Stand-up India initiative. Agri-allied activities are now set to be eligible for funding under the scheme.