Union Budget 2025: From customised credit cards to increased credit guarantee covers; here is what Finance Minister announced for MSME sector

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Union Budget 2025: From customised recognition cards to summation recognition warrant cover; present is what Finance Minister announced for MSME sector

In the Union Budget 2025 presentation, Finance Minister Nirmala Sitharaman announced assorted changes related to the micro, small, and mean enterprises (MSMEs) sector. From boosting manufacturing successful the state to a recognition warrant scheme, cognize what Finance Minister said successful her speech.

"With prime products, MSMEs are liable for 45 per cent of our exports," said Sitharaman.

Customised recognition cards

Government volition present customised recognition cards with Rs 5 lakh bounds for micro-enterprises.

Credit warrant cover

The authorities volition besides summation recognition warrant screen for MSMEs to amended recognition access.

"Govt to supply enactment to National Cooperatives Development Corporation for lending operations," said Sitharaman.

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