Union Budget 2018: Jaitley recognises MSMEs as ‘engine of growth, employment’

New Delhi, Feb 01 (ANI): Union Finance Minister Arun Jaitley has begun the presentation of Union Budget 2018 on Thursday. Speaking in the Parliament, FM Jaitley claimed that the Micro, Small and Medium Enterprises (MSMEs) are an engine of growth and employment. He announced Rs 3,794 crore to MSMEs for credit support, innovation and capital interest subsidy. Further, the amount is also expected to ease cash flow challenges.

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