Tax incentives for MSMEs in Budget 2018 to help better financing & ease cash flow issues: M&M Financial

Ramesh Iyer, MD, Mahindra and Mahindra Financial Services Limited

“Rural is clearly the focus for this Budget. The announcements on helping double rural income by 2020, Rs 5,750 crore for the National Livelihood Mission in 2018-2019, Rs 2,600 crore for the Har Khet Ko Pani scheme in 2018-2019, measures like increase in MSP and the plan to build two crore toilets in the next fiscal year are all welcome moves."

"The Budget aims to leave higher disposable income in the hands of the rural population and the focus on rural infrastructure will provide a further boost for the rural economy.”

“We look forward to the tax incentives indicated for MSMEs, this should enable better financing and ease the cash flow issues faced by the sector.”