In anticipation of the upcoming budget, Mr. Amit Bansal, CEO of Solv and a prominent figure in the B2B e-commerce sector, has emphasized the crucial role of government initiatives in supporting Micro, Small, and Medium Enterprises (MSMEs). Mr. Bansal lauds the government’s commitment to bolstering local kirana shops and MSMEs, highlighting several key proposals that could significantly impact the sector.
“The budget’s emphasis on local kirana shops and MSMEs shows the government’s commitment to revitalizing this sector,” said Mr. Bansal. He pointed out specific measures such as the introduction of a credit guarantee scheme and an increase in the Mudra loan limit to 20 Lakhs for previous borrowers, aimed at enhancing access to finance.
Mr. Bansal also highlighted the government’s move to prompt banks to consider digital footprints for eligibility, as well as the implementation of the MSME guarantee plan and internal assessment models. These steps, according to him, simplify credit access for kirana shops, crucial in the current economic scenario.
“The collateral-free credit guarantee scheme and support for MSMEs in financial distress are crucial,” Mr. Bansal added, underlining the importance of such measures in ensuring the resilience of MSMEs.
Moreover, Mr. Bansal commended the establishment of export hubs and provisions for technological support, which he believes will enhance global competitiveness and innovation among local kirana shops.
With his extensive experience in the B2B e-commerce sector, Mr. Bansal’s insights offer a critical perspective on how these budget proposals could shape the future landscape for MSMEs
