Interim Budget Reaction: Daalchini Technologies

1 Feb 2024 , 02:23 PM

“We welcome the Government’s budget, which is a testament to their commitment to fostering entrepreneurship and growth in the retail sector. The increase in the threshold for presumptive taxation from ₹2 Crore to ₹3 Crore is a significant move that will boost the retail industry. Furthermore, the promotion of technologies and innovations through start-ups and the sanctioning of 43 crore loans aggregating to ₹22.5 Lakh Crore under the PM Mudra Yojana for entrepreneurial aspirations, are commendable steps towards nurturing the startup ecosystem. 

‘The focus on the empowerment and well-being of women, with 30 crore Mudra Yojana loans given to women entrepreneurs, reflects the Government’s dedication to driving the country forward. These measures are already reflecting in the increasing participation of women in the workforce. This budget is a promising step towards a more inclusive and prosperous future for our country.”