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'Union Budget 2024-25- Growth Oriented and Futuristic'- Chairman , MATEXIL
Mumbai (Maharashtra) [India], July 26: The Union Budget for 2024-25 was announced by the Hon’ble Union Finance Minister , Smt. Nirmala Sitharaman on July 23, 2024 Welcoming the Budget, Shri Bhadresh Dodhia, Chairman, MATEXIL ( Man-Made and Technical Textiles Export Promotion Council ) – ( Formerly SRTEPC) said “the Union Budget for 2024-25 is growth [...]
Mumbai (Maharashtra) [India], July 26: The Union Budget for 2024-25 was announced by the Hon’ble Union Finance Minister , Smt. Nirmala Sitharaman on July 23, 2024
Welcoming the Budget, Shri Bhadresh Dodhia, Chairman, MATEXIL ( Man-Made and Technical Textiles Export Promotion Council ) – ( Formerly SRTEPC) said “the Union Budget for 2024-25 is growth oriented , pragmatic and progressive as it focus on crucially important areas such as Employment generation , Skill development and Investments”. The Budget propose to introduce Employment linked incentives and Skilling programmes which will certainly lead to job creation in manufacturing in the Textiles and clothing Sector, according to Shri Dodhia.
The Budget has proposed a Credit Guarantee Scheme to the MSMEs to enable them to get term loans for purchase of machinery and equipment without collateral or third party guarantee. Shri Bhadresh Dodhia pointed out that getting credit facilities from the banks for business operations have always been a challenge for the MSMEs and the Credit Guarantee Scheme announced in the Budget will encourage the growth and development of the MSMEs .
