Opinion

Budget 2018: Budgetary allocations for MSMEs up meagre 1%; allotment to Individual schemes up 59%
Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk

Budget 2018: Budgetary allocations for MSMEs up meagre 1%; allotment to Individual schemes up 59%
Though the overall allocations for the Micro Small and Medium Enterprises (MSMEs) in Union Budget 2018 rose a mere 1% over the previous year, allocations for individual schemes have increased by 59% indicating governments focus on the all round development and creation of employment opportunities.

Minister of State, Independent Charge for MSMEs, Giriraj Singh said in New Delhi on Wednesday (Feb 7) that, the Union Budget 2018 focuses on boosting the economy by emphasizing more on agriculture and considering steps to generate employment in the country. He said, the budgetary allocation in 2018-19 has gone up to 6,552.61 crore from 6,481.96 crore in 2017-18. Read More

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