Nagpur :-Budget 2024 is a balanced & progressive budget as it is based on 9 pillars of development.Budget has laid special emphasis on MSME sector by announcing new Credit guarantee scheme in manufacturing sector,new assessment model for MSME credit, credit support to MSMEs during stress period,enhanced scope for mandatory onboarding on TReDS platform, opening of 24 new branches of SIDBI to serve MSMEs clusters etc.Investment-ready “plug and play” industrial parks to be developed in or near 100 cities & 12 industrial parks sanctioned under National Industrial Corridor Development Programme will give boost to industrial growth.Abolition of Angel tax on investors will attract more investments in Startups which will provide fillip to the sector.Increase in LTCG on financial assets was something unexpected but increase in STT tax on F & O is intended to discourage speculative trading in the stock market.
