Ludhiana, February 4 (KNN) Finance Minister Nirmala Sitaraman’s central budget 2025, which has been presented on February 1, has produced diverse response from the small business community in Ludhiana, hosted by more than 150,000 MSM units at the industrial center of Punjab. Has been done

The MSME sector has emerged as an important point of debate among the local industry leaders’ discussion at the capital’s investment and the doorstep of business.

Apkar Singh Ahuja, president of the Chamber of Industrial and Commercial Indirkings (CICU), offered a positive diagnosis, in which the budget was balanced and compatible with India’s economic aspirations.

While recognizing that direct MSME relief measures were limited, Ahuja highlighted the potential long -term benefits of reduction of green tax and increasing infrastructure.

However, he advocated further reforms, especially requested a reduction in corporate tax rates and a reduction in GST on steel.

The Federation of Industrial and Commercial Organization (FICO) presented a more important perspective through its President, Gurmeet Singh Koller.

Although the FICO welcomed the revised MSME definition as a progressive move, it expressed concern over the suspension of the Credit Link Capital Subsidy Scheme (CLCSS).

Kloller emphasized the significant role of the scheme and the proposed increase in technical development, which includes increasing the scheme limit to Rs 5 crore and increasing the subsidy rate from 15 % to 25 % to promote global competitiveness. –

Industry stakeholders expressed their disappointment at two specific aspects: the absence of a special economic package for Punjab and the government’s decision not to rationalize GST rates.

These concerns highlight the complex challenges facing Ludhiana’s MSME sector, which represents the largest concentration of small businesses in Punjab.

(Knn Bureau)



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