Budget 2022-23: Highlights for SMEs and MSMEs
Budget 2022-23: Highlights for SMEs and MSMEs

Budget 2022-23: Highlights for SMEs and MSMEs

The Union Budget aims to simplify the customs rate and tariff structure, particularly for sectors like chemicals, textiles & metals.

Kaustubh Bhosale Article rating: 3.5

The FY22 expenditure was revised to Rs 37.7 lakh crore. Also, the FY22 fiscal deficit is estimated at 6.9 per cent of the GDP. In FY23, the fiscal deficit was pegged at 6.4 per cent of the GDP. Also, the FY23 Capex is targeted at Rs 7.50 lakh crore. FY23 effective Capex was seen at Rs 10.7 lakh crore. The SMEs and the MSMEs have continued to be under stress due to the successive waves of the pandemic, which have not only disrupted their operations but also, impacted demand, particularly in services. The extension and expansion of the ECLGS Scheme to Rs 5 lakh crore is a step in the right direction to provide further liquidity relief to these sectors. Further, the plans to revamp the credit guarantee fund have been announced to make it more effective. New railway routes have been planned, which would benefit SMEs as well as the farmers.   

Budget 2022: FM pumps additional allocation into Har Ghar, Nal Se Jal Scheme
Budget 2022: FM pumps additional allocation into Har Ghar, Nal Se Jal Scheme

Budget 2022: FM pumps additional allocation into Har Ghar, Nal Se Jal Scheme

The shares of plastic pipe manufacturers namely, Astral, Finolex Industries, and Supreme Industries are trading in the green territory with decent gains.

Armaan Madhani Article rating: 5.0

The plastic pipe sector has shown resilience by recovering from the pandemic-induced slowdown in the first two-quarters of FY21.

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