Union Budget 2025 | Govt should focus on credit guarantee schemes for MSMEs, says Officenet CEO Sonali Chowdhry

Finance Minister Nirmala Sitharaman will present the 8th consecutive Union Budget on February 1, 2025. Reports suggest that the government is mulling over cutting income tax for those who are earning up to Rs 15 lakh a year in February's budget, in turn providing relief to the middle class.

The MSME sector has pinned high hopes on the Union Budget FY 2025-26 documents and is keeping its fingers crossed regarding their expectations from the government's most important financial document of the year.

"The government should empower HRTech providers especially the MSME with more focus on credit guarantee schemes as they are enablers of Digital technology adoption in the larger Industries. The HR Tech players contribute to manpower skill upliftment with automated tools and methods which thereby improve productivity and Employee contribution. Hence for the digital economy to thrive the government must launch a Digital acceleration fund which gives impetus to HRtech to increase its outreach," said

Union Budget 2025 | Nirmala Sitharaman, who continues to be Finance Minister, will present her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', reports suggest there might be a tax relief for those making up to Rs 15 lakh per year. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.