Speaking on the Union Budget 2023 expectations, Karan Desai, Founder of Interface Ventures has emphasized the need to have a special focus on the MSME sector.
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“The government should push for the implementation of the PLI scheme and enhance the scope of earlier schemes like the ECLGS and the CGTMSE, and should also consider a tax break for MSMEs and reinstate the 2% interest subvention scheme for GST-registered MSMEs,” Desai continued.
Further adding to the expectations, Desai cites the automotive sector as a successful example. He suggests that the government should encourage other sectors to provide similar levels of support to small MSME suppliers in their supply chain ecosystems.
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