Union Budget 2024-25: Here are the key challenges in the MSME sector | Economy & Policy News

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1 min read Last Updated : Jul 09 2024 | 11:00 P.M IS


Key challenges


 Lack of market intelligence


 Limited visibility and reach due to lack of branding


 Complex trade compliance requirements


 High cost of technology adoption


 Unavailability of collateral to raise funding


Industry ask


  Include of labour-intensive sectors in PLI


  National-level export promotion institution for a single point of contact


  Reconsider 45 days payment rule to 60 days


  Enhance NPA period from 90 days to 180

Revise turnover criteria for trade receivables discounting system from Rs 500 cr to Rs 250 cr


To realise the growth target of $35 trillion by 2047, it is key to address the bottlenecks that will require concerted efforts by both public and private-sector stakeholders. This should expand the domestic and export market for MSMEs”


Mohammad Athar, Partner & Leader, Industrial Infrastructure, PwC India

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First Published: Jul 09 2024 | 11:00 P.M IS



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