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Can Budget 2022 make MSMEs more atmanirbhar

Budget 2022-23 comes at a challenging time yet again, as a fresh wave of Covid-19 threatens to stall a nascent recovery, especially among the critical micro, small, and medium enterprises (MSME).

By Alok Gupta and Mayank K. Jha

‘Make in India — Make for World’ is the mantra Prime Minister Narendra Modi gave in his 2020 independence day speech. For this vision to be successful, over 6.3 crore Micro, Small, and Medium Enterprises (MSMEs) must be taken on board. The third wave of the pandemic has heightened economic uncertainties and smaller enterprises face business threats that are destabilising their supply chains and even the mere existence of many. Encouraging an innovation-led ecosystem that incentivises technological interventions over the medium term could make small businesses atmanirbhar and help them make more for India and the World.
Source: CNBC TV18

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