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Informative
Budget 2024: MSMEs call for Rs 5,000 crore-fund, export promotion
Update / Judgement Date
03 Jul 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
MSME & Udhyam
The India SME Forum has urged the government to allocate Rs 5,000 crore in the upcoming Budget for the development, promotion, and global marketing of MSMEs. The forum seeks to increase active exporters, establish an export promotion organization, and support first-time MSME exporters in international markets. Recommendations include a comprehensive export program, concessions for PSUs in the TReDS system, and specialized MSME universities. Additionally, a Rs 500-crore fund for GI products is advocated.
