information about MSMEs budget proposal approval

Q: While the budget speech was happening, i heard something about small and medium industries. Can someone please enlight me about the same?

Manikandan Swami, Coimbatore

2nd March 2015

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Replies (7)

Did you know that there are no proposals to set up a public sector unit in the region. While there is a plan to reduce the Corporate Tax, there is no such benefit for the MSMEs. I think that should be seriously looked into.

Shruthi Kishore, Coimbatore

5th March 2015

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Taking a different approach to the news, J. James, president of Tamil Nadu Association of Cottage and Micro Enterprises, said that there is no action plan to ensure that public sector enterprises procure 20 per cent of their components from MSMEs.

Abhishek Iyer, Coimbatore

4th March 2015

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Also according to the budget, there are proposals to give a thrust to infrastructure development and this will increase industrial activity, thus giving jobs to micro units. All in all i think this new proposal can do wonders for the development of the city.

Kishore Kumar, Coimbatore

4th March 2015

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Let me tell you about the main advantage of the new MSME related proposal in the area. The proposals will benefit MSMEs, especially those in rural areas.Also the allocation for credit guarantee will bring more funds to the MSMEs

N Jeeva kumar, Coimbatore

3rd March 2015

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On the contraire, according to president of Coimbatore District Small Industries’ Association E.K. Ponnusamy, the demands of the industry for factoring and a system to collect receivables on time have been met, which should really help the real estate grow in the city.

Naduveetil Rajgopal, Coimbatore

3rd March 2015

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Sadly the answer to your question is no. The budget is disappointing as it does not meet the main demands of the sector, according to the industry representatives in the city of Coimbatore.

Rajeev Srinivasan, Coimbatore

3rd March 2015

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Yes, even i heard about the announcement concerning the benefits being given to the micro, small and medium enterprises. The proposals of the Union Government to set up Micro Units Development Refinance Agency Bank, create a credit guarantee corpus and establish electronic receivables discounting systeM, received favourable response from the government.

sathiya seelan, Coimbatore

2nd March 2015

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