India Budget 2018
Prime Minister Modi’s fourth budget is growth oriented and continues to strengthen the mission of rural and infrastructure development. The budget gives impetus on boosting farmer incomes and employment in rural areas.
Micro, small and medium enterprises (MSMEs) are the backbone of the economy and major contributors to the GDP. The Finance minister has rightly touched upon on the MSME sector and provided various measures to stimulate the sector. The government’s MUDRA Yojana has successfully benefitted not only the lower income groups but also encouraged women entrepreneurship. With continued thrust on the MUDRA scheme, the government is sure to achieve its objective to create much-needed employment.
Umesh Revankar is the MD & CEO of Shriram Transport Finance