Post-budget 2018 Reaction Ms. Sunita Maheswari – Co Founder, StartUp Arena

Union Budget 2018 is a mix for SME’s. Increased Wi fi connectivity across connects penetration of rural markets which is a good sign. Standard deduction of Rs 40,000 will actually reduce paperwork for companies, eliminates need for fraudulent claims and expands reach to non salaried class as well.  Budget also talked about Government financing EPF contribution for new employees. This will reducing manpower costs SMBs who are in the growth mode, and who normally employ first time job seekers.
Increased outlay on mudra loans, along with easing of requirements for availing the financing under this scheme will go a long way in helping SMBs in getting the most coveted capital. Increased Airport outlay talked will hugely solve connectivity issues which will in turn be very beneficial for the SMB and SME’s.
First reaction: The Finance team has tried to do a lot for the poor and the MSME by allocating big funds to schemes like the health schemes, the mudra loan schemes, the agriculture schemes, however what is going to be important is the execution, since that is where the success of the scheme is going to be. Doubling of outlay to the mudra scheme along with easing of complex requirements for availing the loan should go a long way in boosting the startups and SMBs growth story.

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