The union budget has announced a fresh corpus of INR 9000 Crores for guaranteed credit support for the MSME sector. This is a very positive step towards supporting the MSME segment, which is one of the critical cogs in the overall economic growth of India. There are close to 6 crore micro, small, and medium enterprises in India and offering them support is not just conducive for the sector but will also foster growth in the overall economy.
