After the presentation of the Union Budget, a sense of smile is visible on the faces of entrepreneurs and businessmen. The budget is being considered easy and simple from the point of view of business. The small scale business world also says that there will be investment and infrastructure will be strengthened to increase convenience. The budget has shown confidence in improving all these systems. Most traders have appreciated the budget. However, traders have also been disappointed due to not getting relief from the provisions of GST.
presented a development oriented budget
The central government has presented a development oriented budget. Union Budget 2023 is a budget covering all Indians. It has taken care of artisans, agriculture and infrastructure. The government has given special preference to MSMEs. The Federation of Small and Micro Industries welcomes this budget. Voluntary Redressal Scheme is a better initiative. In this budget, a big gift has been given to about 6 crore small businessmen across the country. A loan of Rs 2 lakh crore will be given to MSMEs across the country, which will give a boost to small scale industries.
– Ashok Gupta, National President, Confederation of All India Micro Small Scale Industry
attempt to accommodate all classes
Inclusive budget. In this, an attempt has been made to accommodate developing India and all classes. However, efforts to specifically encourage small and medium scale industries and businesses operating in the unorganized sector are not enough to eliminate the problem of unemployment. For this the government needed to give a special package. The lack of liberal policy for MSMEs is being missed in the budget.
– Niranjan Poddar, President, Automotive and General Traders Motors Association Mori Gate
amrit budget is a true budget
Amrit budget is a true budget for every Indian. This will give a boost to the industry. The economy will be strong. Budget with relief to traders and entrepreneurs The general budget for the year 2023-24 is unprecedented in terms of agriculture, trade-industry and small scale industries (street vendors). The announcement of financial relief for MSMEs is welcome. The government has given a big relief for the employed.
– Shashi Mahajan, President, Industry City Trade Association
There will be an increase in employment in the country
It is a budget of expectations for the middle class. Promotion of coarse grains, agricultural credit, fisheries, cooperatives are major attractions. Emphasis on green growth is one of the highlights of this budget. Investment of foreign companies will increase in the country. Swadeshi’s self-reliant India campaign will be directly strengthened, which will increase employment in the country.
– Vikas Chaudhary, Swadeshi Jagran Manch
Economy expected to improve
Micro, small and medium industries will be promoted in the country, due to which employment will increase. The government should also rein on Inspector Raj. Youth, women, farmers, entrepreneurs, laborers, all sections will be benefited from the budget. Tax exemption up to seven lakhs is a big relief for middle and salaried people.
– Paramjit Singh Pamma, Chairman, Federation of Sadar Bazar Traders Association
Lakhs of small entrepreneurs benefit
The announcement made in the budget will benefit lakhs of small entrepreneurs. These entrepreneurs provide 45 percent employment in the country. The provision of setting up 30 new Skill India International Centers to make small entrepreneurs technically empowered is commendable. There will be a lot of benefit from this. Industries will be greatly benefited by exemption in income tax and tax exemption to those working in digital form.
Dr. Anil Gupta, President, Delhi Manufacturers Association
relief to small traders
Good budget has come. Small traders have been given relief in this. This is an election year, that’s why the government has presented a better budget. Every citizen of India has been kept in mind. Relief is also expected from the period of inflation. The business world is very happy with this. There is also relief in income tax.
– Mukesh Sachdeva, President, Delhi Hindustani Mercantile Association
vital support to the industrial sector
There is a budget to accelerate development. Significant support has been provided to the industrial sector. It is a commendable step to increase the expenditure on capital investment to Rs 10 lakh crore. Govardhan Yojana will encourage small scale business. Lakhs of youth will get employment from this budget.
– Virendra Nagpal, President, Laghu Udyog Bharti, Delhi
People will be attracted towards tourism
The effort of the government is to attract people towards tourism. The government is serious about connectivity, for this, the government has made a provision of 2.40 lakh crores in rail and infrastructure, which will give a boost to the economy in all areas. The government has prepared the budget keeping in mind the upcoming elections in 9 states. Full care has been taken from the poor to the job profession and there is a boom in the stock market as tax exemption has been given after many years.
– Sandeep Khandelwal, tourism expert and hotelier
One percent discount on MSME loan welcome
In the budget, it has been announced to give relief to the MSMEs affected by the epidemic. Under this, the Finance Minister has talked about bringing a voluntary resolution scheme for settlement of contractual disputes. The central government will allocate Rs 9000 crore for the MSME sector. MSMEs with turnover up to 3 crores have been given tax exemption in the budget.
– Hemant Gupta, General Secretary, Indian Industry Trade Board
Will get new opportunities in domestic business
The provisions of the budget will provide new opportunities in domestic business. Along with this, the country’s export trade will also get a boost. The Finance Minister has opened the way to bring maximum money in the market through seven priorities in the budget. Traders will get its direct or indirect benefit. Apart from this, making five slabs of income tax, increasing personal income tax exemption to seven lakhs is a good step. ,
– Praveen Khandelwal, National General Secretary, Confederation of All India Traders
Relief to medium and small traders
The budget of the central government is balanced. In this, an attempt has been made to provide relief to medium and small traders. Income tax has been exempted only in the new tax system, but there was no clarity regarding the old tax system. Even after two years, almost 90 percent of the businessmen and middle class are still adopting the old tax system. Petrol-diesel should be brought under the ambit of GST.
– Brijesh Goyal, Chairman, Chamber of Trade and Industry