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Budget 2021: MSME sector expectations from FM Nirmala Sitharaman

A quick look at what COVID-struck MSME sector hopes from Finance Minister Nirmala Sitharaman in Budget 2021 and what respite she is likely to offer

January 27, 2021 / 05:25 PM IST
Source: Reuters

Source: Reuters

Budget 2021 is just around the corner and industry captains are hoping Finance Minister Nirmala Sitharaman will give their requests due consideration when she presents her Union Budget 2021-22 on February 1.

While the COVID-19 pandemic has left no sector unharmed, the micro small and medium enterprises (MSME) sector is believed to have borne the maximum brunt.

To alleviate the pain of MSMEs, the government announced a Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) under the Aatmanirbhar Bharat Abhiyan package valid until March 21, 2021.

But could Budget 2021 bring more relief? Moneycontrol takes a look at what experts expect for MSMEs from FM Sitharaman and what is likely in store for the sector that has been marred by massive liquidity crunch, labour shortages, and non-payment of dues: