“The Union Budget 2023 has opened new growth avenues for the startup sector. The emphasis placed on Deep Tech is greatly appreciated. The idea to launch Pradhan Mantri Kaushal Vikas Yojana 4.0 to skill lakhs of youth within the next three years is a commendable move. This year’s budget includes a significant emphasis on deep technology, which will provide strategic depth to emerging businesses in times to come.
Moreover, the credit guarantee scheme under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) will allocate Rs 9000 crore for the MSME sector. Under the new scheme, MSMEs will be given interest at less than 1 percent. This will provide impetus to the MSME sector to the next phase of growth. “
