💨 Abstract

The Union Budget 2025 introduces credit cards for Micro, Small, and Medium Enterprises (MSMEs) with a limit of Rs 5 lakh each for 10 lakh micro-enterprises. This move is expected to enhance financial inclusion and ease liquidity challenges. However, industry leaders stress the importance of streamlining the loan disbursement process to ensure benefits reach the grassroots level.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖