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MSME In Budget 2022: ECLGS Extended Till March 2023 And Credit Line Enhanced To Rs 5 Lakh Cr
Nirmala Sitharaman presents the Union Budget for the year 2022-23. With several key issues being discussed, the major focus was on the MSME sector. The shipping and logistics costs have gone up, in some cases by almost three times due to the shortage of vessels. Finance Minister #NirmalaSitharaman extends #ECLGS till March 2023 and enhances credit line to Rs 5 lakh cr. There will be a focus on hospitality-related services, and a 5-year program will also be rolled out to accelerate MSME.MSMEs contribute significantly to the overall exports of the country.