Budget 2024 Key Highlights : Announcements for MSMEs

New mechanism for facilitating continuation of bank credit to MSMEs during their stress period

Limit of Mudra loans increased from ₹10 lakh to ₹20 lakh

Turnover threshold of buyers for mandatory onboarding on TReDS platform to be reduced from ₹500 crore to ₹250 crore

Financial support for 50 multi-product food irradiation units in MSME sector

E-Commerce Export Hubs to be set up in PPP mode to enable MSMEs and traditional artisans to sell their products in international markets