Nivedita R. Sarda, President of the Confederation of Indian Industry (CII) – Indian Women Network (IWN), Rajasthan Chapter, has lauded the Union Budget 2024-25, terming it visionary and emphasizing its positive impact on micro, small, and medium enterprises (MSMEs), exports, and employment generation.
In an exclusive interview, Nivedita highlighted several key aspects of the budget that are poised to drive economic growth and empower various segments of society:
- MSME Boost: The budget allocates significant resources to support MSMEs, recognizing their crucial role in India’s economy. Nivedita praised the Rs 2 lakh crore package earmarked for five schemes aimed at job creation and skill development for 4.1 crore youth across the country. This substantial investment is expected to provide a robust push to employment opportunities.
- Focus on Women, Farmers, and Youth: Nivedita commended the budget’s focus on women, farmers, and youth. The government’s commitment to skilling programs will empower young individuals, enabling them to access better employment prospects. Additionally, provisions for hostels and creches will facilitate women’s participation in the workforce, contributing to the nation’s progress.
- Mudra Loan Enhancement: The budget’s announcement regarding an increased Mudra Loan allocation for women entrepreneurs was well-received. Nivedita believes that this move will encourage more women to start and expand their businesses, fostering economic independence and growth.
- E-Commerce Hubs: Nivedita welcomed the government’s plan to establish e-commerce hubs. These hubs are expected to boost online trade, create jobs, and enhance India’s digital economy. By providing a conducive environment for e-commerce businesses, the budget aims to drive innovation and competitiveness.
In summary, Nivedita R. Sarda expressed optimism about the budget’s potential to transform India’s economic landscape. As President of CII – IWN, she believes that the budget’s visionary approach aligns with the aspirations of women, youth, and entrepreneurs, setting the stage for inclusive growth and prosperity.
About Nivedita R. Sarda: Nivedita R. Sarda is a prominent business leader and advocate for women’s empowerment. As the President of CII – IWN, Rajasthan Chapter, she actively promotes gender equality, entrepreneurship, and sustainable development.