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Union Budget 2023-24 has reshaped the landscape of capital investment in India: Prateek Toshniwal
Surat (Gujarat) [India], February 2: Prateek Toshniwal, a renowned chartered accountant, has said that the Union Budget 2023-24 has reshaped the landscape of capital investment, and the new policies will go a long way in reviving the startup ecosystem in India. The Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) scheme announced by Finance […]
Surat (Gujarat) [India], February 2: Prateek Toshniwal, a renowned chartered accountant, has said that the Union Budget 2023-24 has reshaped the landscape of capital investment, and the new policies will go a long way in reviving the startup ecosystem in India.
The Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) scheme announced by Finance Minister Nirmala Sitharaman in the Union Budget 2023-24 will be a game changer for small and medium businesses, especially the startups in India… It is expected to provide an additional Rs 2 lakh crore in collateral-free credit to the MSMEs.
According to Prateek Toshniwal, a well-known chartered accountant (CA), the CGTMSE to be implemented on April 1st will aid collateral-free lending to small businesses, with the government infusing Rs 9,000 crore.
