Jammu Tawi:Managing Director at Capri Global Capital Ltd (CGCL), Rajesh Sharma expressed that it is hoped that the budget will balance fiscal responsibility with initiatives that foster growth, leading to a strong and resilient economy.
“We believe this budget will balance fiscal responsibility with initiatives that foster growth, leading to a strong and resilient economy”, said Sharma.
He further said, “As we look forward to the upcoming budget, we are hopeful for measures that will drive sustainable economic growth and expand financial inclusion. The MSME sector, the backbone of our economy, will greatly benefit from continued support in easier access to credit, measures to improve liquidity and lower financing costs through rate subsidies and other progressive regulations. We hope the government would incentivise NBFCs for investments in digitalisation and innovation in reaching credit to the last mile.
Given the crucial role of MSMEs in driving the country towards the $5 trillion GDP target, we expect not only easier credit norms, but steps to support them in the highly competitive international arena. We also expect women entrepreneurs promoting MSMEs to get more support in terms of easier credit. Home buyers could be given more tax benefits – both on principal and interest paid, helping people in urban and semi-urban areas to realise the dream of having a roof over their head. Rural infrastructure will continue to get higher allocation, driving growth in these areas, added the CGCL MD.
