Interim Budget 2024: Key Highlights For Small Businesses

The recently presented budget has outlined a strategic roadmap for economic growth, placing special emphasis on sectors crucial for the prosperity of the nation. Let’s delve into the key highlights that promise to shape the trajectory of the development of small businesses in the coming years.

1. VIKSIT BHARAT by 2047: A Vision for Inclusive Growth

The budget strongly prioritizes Micro, Small, and Medium Enterprises (MSMEs), recognizing their significant role in driving economic growth. More notably, it charts a path for “VIKSIT BHARAT” by 2047, placing a spotlight on Skill Development and Entrepreneurship. ‘Viksit Bharat’ envisions a prosperous nation in harmony with nature, boasting modern infrastructure and providing opportunities for all citizens. The focus on inclusive growth strategies is evident, targeting the ‘Garib’ (poor), ‘Mahilayen’ (women), ‘Yuva’ (youth), and ‘Annadata’ (farmers). Strengthening these pillars is identified as a crucial aspect of realizing the vision of a “Viksit Bharat” and improving the quality of life for its citizens.