Budget Bonanza

Allocation to the MSME segment raised to 6,500 crore from 3,470 crore Corporate tax rate for MSMEs with turnover of up to

50 crore reduced from 30 per cent to 25 per cent – enabling MSMEs to save 7,200 crore in taxes For small traders with turnover of up to 2 crore, presumptive tax has been lowered from 8 per cent to 6 per cent Lending target under the Pradhan Mantri Mudra Yojana doubled from 1.2 lakh crore to 2.44 lakh crore – the move will help increase funding to micro enterprises