The Union Budget 2025, presented by the Finance Minister, introduced several measures aimed at boosting the MSME sector and fostering entrepreneurship. Key highlights include:
₹10,000 crore fund to support startups and encourage innovation.
Tax exemptions for MSMEs with an annual turnover of up to ₹5 crore.
A reduction in compliance burden, including the simplification of GST filing processes.
Enhanced credit support through the Credit Guarantee Scheme, with an increased corpus of ₹50,000 crore.
Introduction of a Green Business Initiative, providing subsidies to MSMEs adopting eco-friendly practices.
Impact:
These measures are expected to significantly ease operational and financial constraints for small businesses. Reduced tax rates and compliance simplifications will improve profitability and encourage more startups to formalize their operations. The Green Business Initiative can lead to long-term cost savings while promoting sustainability.
BottBridge’s View:
At BottBridge, we recognize that these changes can help MSMEs scale new heights. We are ready to assist businesses in navigating these opportunities—whether it's claiming tax exemptions, applying for credit schemes, or adopting sustainable practices. Our tailored solutions ensure that businesses can thrive in this promising economic environment.
