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Dinesh Gulati, COO, IndiaMART Intermesh Limited “Given the share of MSME-specified products in exports stood at 45% last year, we expect the upcoming budget to prioritize their needs and provide opportunities for their growth and sustainability. Access to finance remains a major hurdle. While credit facilitation initiatives and monitoring delayed payments have provided relief, a dedicated banking policy for easy credit access and speedy disbursement, along with increasing funding for MSME loans and credit guarantees, is necessary. We expect the budget to streamline the tax structure to improve operational efficiency. Additionally, we hope the tax reductions can be extended to Limited Liability Partnerships (LLPs) and Partnership Firms in line with Private Limited Firms. Digitalisation is vital for integrating unregistered MSMEs, supported by platforms like UDYAM and eShram. Investment in cloud-based technologies, AI, ML, and conversational commerce can drive this transformation further. With only 6% of MSMEs selling online, government subsidies for technology adoption can significantly increase online commerce participation. Apart from this, enhancing allocations for skill development and vocational training, enhancing infrastructure support for e-commerce and logistics, will help MSMEs scale, upgrade their businesses, and contribute to job creation and economic growth”
Online Coverage: CXO today