Budget 2024 will go a long way in realizing Prime Minister’s vision of Viksit Bharat: EPCH

New Delhi – 23rd July, 2024: Today, the Union Budget for 2024-25 was presented by the Nirmala Sitaraman, Union Finance Minister. Dileep Baid, Chairman – EPCH said the budget does not contain any specific benefit for handicrafts sector but contains measures for promotion of exports in general. Some of these measures may benefit the handicrafts sector also. Adding further, he indicated some of the following measures addressed in the budget include:

Dileep Baid said that the budget provide special attention to MSME and manufacturing, particularly labour intensive sectors and there are certain provisions and announcements like incentives for job creation, Credit Guarantee Scheme for MSMEs, energy audit of traditional micro and small industries in clusters, setting up of E-Commerce export hubs in PPP mode, development of investment ready “plug and play” industrial parks, reduction of BCD on raw materials and others, which will go a long way in realizing the Hon’ble Prime Minister’s vision of Viksit Bharat.

Shri Neeraj Khanna, Vice Chairman – EPCH said that the budget is focused on tapping the growth potential by prioritizing productivity, employment generation, skilling, human resource development, urban development, energy security, infrastructure development and next generation technology.