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Union Budget 2010-11: A lost opportunity for MSMEs once again

Let me, at the outset; say that though overall it is a progressive budget with clear focus on infrastructure, agriculture and inclusiveness, it does not mean much for the MSME sector. For the micro, small and medium enterprises, although there has been an apparent increase of approximately Rs. 800 crore, some of the major announcements which were expected in the budget were sorely missing. It was expected that the MSMEs would at least get a 50% reservation out of the total quota of 40% reservation of the priority sector lending.... more

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