Union Budget 2025 Reactions | Significant increase in turnover limits would facilitate companies to get classified as MSMEs, says Nitesh Mehta, Partner, M&A Tax and Regulatory Services, BDO India

Mehta said, 'This measure, coupled with setting up of a new Fund of Funds, with additional funding to start-ups is likely to fuel further growth for start-ups/early-stage companies.'

Finance Minister Nirmala Sitharaman on February 1 presented her eighth consecutive Budget with a speech which lasted for 74 minutes.

Talking about the MSME sector, Nitesh Mehta, Partner, M&A Tax and Regulatory Services, BDO India said, "Significant increase in limits of turnover and investment for classification as MSME would facilitate a lot of companies to get classified as MSMEs and thereby become eligible for MSME benefits, including access to credit. This measure, coupled with setting up of a new Fund of Funds, with additional funding to start-ups is likely to fuel further growth for start-ups/early-stage companies."

Union Budget 2025 | Nirmala Sitharaman, as Finance Minister, presented her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', the Modi govt gave income tax relief for those making up to Rs 12 lakh per year in salaried income. 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.