Union Budget

The Budget proposals for Customs Duties intend to support domestic manufacturing, deepen local value addition, promote export competitiveness, and simplify taxation, while keeping the interest of the general public and consumers surmount, said Union Minister of Finance and Corporate Affairs Nirmala Sitharaman in her Budget speech in Parliament today. New Customs Duty rates are proposed ...

- This scheme is expected to benefit 2.1 crore youth over 2 years and will provide one-month wage to all persons newly entering the workforce in all formal sectors. - The eligibility limit will be a salary of Rs. 1 lakh per month. - Direct benefit transfer of one-month salary will be up to Rs. ...

As anticipated, the government has announced an all-round and continuous support to strengthen the backbone of the Indian economy, the Micro, Small and Medium Enterprises (MSMEs) sector on Tuesday during its budget presentation for FY 2024-25. From Credit Guarantee to increased MUDRA loan to stress fund and new SIDBI branches in MSME clusters, Union Finance ...

Presenting the Union Budget 2024 on Thursday, Finance Minister Nirmala Sitharaman highlighted the significant impact of the Pradhan Mantri Mudra Yojana, informing that 43 crore Mudra loans totaling INR 22.5 crore have been sanctioned, with 30 crore loans specifically benefiting women entrepreneurs. Sitharaman emphasized the role of the PM Mudra Yojana in supporting ...

In her sixth budget speech, Finance Minister Nirmala Sitharaman emphasized the government's commitment to supporting micro, small, and medium enterprises (MSMEs) in their global growth endeavors. Despite the absence of new announcements on credit access, technology adoption, or GST for small businesses, Sitharaman outlined key strategies during the Amrit Kaal for promoting the ...