MSME Quote on Union Budget 2025 - Nirav Choksi,..

MSME Quote on Union Budget 2025 - Nirav Choksi, CEO& Co-Founder ,CredAble & Ketan Mehta, CFO, CredAble

Quote from Nirav Choksi, CEO & Co-Founder, CredAble

"Overall the budget is a strong and stable one—a positive step towards India's development goals—which is the need of the hour. The credit schemes for the MSME sector and startups such as the customised credit cards and a dedicated INR 10,000 crore Fund of Funds will be critical for deepening financial inclusion. However, the focus should now shift towards simplifying access to these schemes, particularly for businesses in tier 2 and 3 cities. With the introduction of the DPI platform—Bharat Trade Net—we're seeing a proactive stance to digitalise and streamline trade financing. While the KYC registry overhaul is a great move, its successful implementation will be key. This budget is a progressive roadmap for economic growth, with a focus on improving the ease of doing business and ensuring a more conducive environment for MSMEs and startups with targeted financial schemes and a clear focus on improving access to working capital. Backed by a dedicated manufacturing mission, and climate-friendly manufacturing initiatives—India is taking decisive steps to strengthen its industrial competitiveness on the global stage. ” Nirav Choksi, CEO & Co-Founder, CredAble

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