CARGOCONNECT-AUGUST2024 - Flipbook - Page 20
FOCUS : BUDGET 2024-25
INDUSTRY
l Investment-ready 'plug and play' industrial parks
in or near 100 cities
l 12 industrial parks sanctioned under National
Corridor Development Programme
MANUFACTURING & SERVICES (MSME)
l New mechanism announced for facilitating
continuation of bank credit to MSMEs during their
stress period
l Limit of Mudra loans increased from `10 lakh to
`20 lakh
l Turnover threshold of buyers for mandatory
onboarding on TReDS platform to be reduced from
`500 Cr to `250 Cr
l Financial support for 50 multi-product food
irradiation units in MSME sector
l E-commerce Export Hubs to be set up in PPP mode
to enable MSMEs and traditional artisans to sell
their products in international markets
NEXT-GEN REFORMS
l Technology to speed up digitalisation of economy
l Jan Vishwas Bill 2.0 to improve Ease of Doing
Business
l States to be incentivised to implement Business
Reforms Action Plans and digitalisation
l Sectoral databases for improving data governance
and management
In a signiocant boost to infrastructure and development, Sitharaman during her speech revealed about
the government9s plans for Bihar and Andhra Pradesh
and providing targeted onancial assistance.
She announced the investment of `26,000 crore
for highways development in Bihar. Road connectivity
projects include Patna-Purnea Expressway, BuxarBhagalpur Expressway, Bodhgaya, Rajgir, Vaishali
and Darbhanga spurs, and a new 2-lane bridge over
river Ganga at Buxar. The schemes are a part of a
larger plan titled
