Latest News | MSMEs Welcome Union Budget Proposals

Indore, Feb 1 (PTI) The industries and trading sector gave mixed reactions to the 2021-22 budget presented by the Union Finance Minister, Nirmala Sitharaman on Monday.

Minor, small and medium enterprises' Association of Industries president Pramod Dafaria while welcoming the budget said, "We are hopeful that the provision of Rs 15,700 crore in the budget will majorly benefit the small-scale industries."

However, Pithampur Audyogik Sangathans president Gautam Kothari said, "We are unable to understand how the government will help over 35 lakh small-scale industries which suffered heavily because of COVID-19 scare with a provision of just Rs 15,700 crore."

They are already facing the problem of not having any working capital.

Traders body, Ahilya Chamber of Commerce president Ramesh Khandelwal said after the COVID-19 crisis they were expecting some big gifts from the government, but our hopes were dashed.

Even the working class is disappointed on not getting any rebate in income tax slabs.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)