Budget 2024 adopts multifaceted approach to bolstering manufacturing sector

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Budget 2024: Extensive focus on the MSME manufacturing units by way of extending term loan facility for purchase of machinery and equipment without collateral or third-party guarantee, would help companies in augmenting their capital base/ capacity and strengthen the very foundation of the manufacturing ecosystem in the country.

Initiatives like employment-linked benefits and internship programs, while primarily aimed at job creation and skill development, indirectly benefit manufacturing companies by expanding the talent pool.

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Article Details

Author / Journalist: TOI Business Experts

Category: EconomyBusiness

Markets: IndiaJapanPeruSri Lanka

Topics: Fiscal consolidation Manufacturing Union budget 2024 MSME Budget 2024 Budget 2024 for manufacturing sector

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 15:06:06 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 788 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21896442

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