MSMEs Second Engine Of Growth, Says Union Finance Minister Nirmala Sitharaman | Union Budget 2025

Budget 2025 With CNBC-TV18 | Finance Minister Nirmala Sitharaman said that there currently over 1 crore MSMEs employing 7.5 crore people. "To improve access to credit, the credit cover will be enhanced. For micro and small enterprises, it will be increased from Rs 5 crore to Rs 10 crore. For startups, it will be increased to Rs 10 crore. For well-run exporter MSME, term loans of Rs 20 crore will be granted," she said.

Further, a new scheme will be launched for 5 lakh SC/ST and women first-time entrepreneurs, where they will be given term loans. The scheme will provide loans of Rs 2 crore for women, SC, ST first-time entrepreneurs.

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