Budget 2024-25: Case For Refinancing Institution For MSMEs | Shachindra Nath's Wish List For MSMEs
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In an insightful discussion on the MSME sector's expectations from the upcoming Budget 2024-25, Shachindra Nath, Vice Chairman and Managing Director of U GRO Capital, highlighted several critical issues and proposed solutions. He stressed the urgent need for more employment opportunities, particularly in tier-II and tier-III towns, and the creation of an enabling system that supports the prosperity of NBFCs and fintechs. Nath proposed establishing a refinancing institution specifically for MSMEs, recognizing NBFCs in the priority sector, and creating a separate category of NBFCs focused on MSME credit to ensure priority interest rates. Nath also stressed the importance of budgetary allocation for partial credit guarantee schemes and increasing credit guarantee cover limits to expand credit.
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In an insightful discussion on the MSME sector's expectations from the upcoming Budget 2024-25, Shachindra Nath, Vice Chairman and Managing Director of U GRO Capital, highlighted several critical issues and proposed solutions. He stressed the urgent need for more employment opportunities, particularly in tier-II and tier-III towns, and the creation of an enabling system that supports the prosperity of NBFCs and fintechs. Nath proposed establishing a refinancing institution specifically for MSMEs, recognizing NBFCs in the priority sector, and creating a separate category of NBFCs focused on MSME credit to ensure priority interest rates. Nath also stressed the importance of budgetary allocation for partial credit guarantee schemes and increasing credit guarantee cover limits to expand credit.
-----------------------
Thank You for watching! Do not forget to Like | Comment | Share
-----------------------
About the channel
Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others.
Follow us at:
Website: https://www.businesstoday.in
WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I
Facebook: Facebook: BusinessToday
twitter: Twitter: business_today
Instagram: Instagram: business_today
4 هفته پیش
در تاریخ 1403/04/22 منتشر شده
است.
414
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