Other MSMEs remain optimistic and look forward to the roadmap for economic growth proposed by Budget 2019.

Piyush Khaitan, Founder and MD, NeoGrowth, a pioneer in NBFC lending, says targeting $5 trillion by 2024-25 will boost business activities in the country.

“Our customers, i.e MSMEs, are facing a consumption economy, and with the encouraging measures for boosting GDP driven by consumptions and investments, it ushers in positivity for our line of business,” he said.

Kabir Jeet Singh, Founder and CEO, Burger Singh, also believes the pro-startup and MSME Budget promises a better environment for business in India. The government should also consider easy availability of capital and government grants for the industry, along with an extended tax holiday,” he said.