The government’s focus on ease of doing business and the expanded corpus for the credit guarantee scheme will mean MSMEs have a lot to gain from this Budget. Agriculture and rural development have been given detailed attention, which should boost the rural economy and consumption. The income tax benefits announced will boost the purchasing power for middle-class consumers. I believe the announcements made will trigger a pickup in credit offtake for small enterprises, the consumption-driven two-wheeler business and lending to transportation.
My seven 'Saptarishi' big wins from the Budget are:
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