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Please find below the Budget Reaction Quote from Mr. Ajay Kumar Srivastava, Managing Director & CEO, Indian Overseas Bank
23th July, (Odisha Tazanews) Chennai :-> The focus given in the Union Budget 2024 to the MSME sector is going to provide a huge boost to the growing number of entrepreneurs in the country. The initiatives announced such as – credit guarantee schemes for MSMEs, increasing the limit of Mudra loans to INR 20 lakhs to those who have paid back the loans earlier,
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creating alternate methods to evaluate eligibility of MSME for loans, as well as expanding branches by SIDBI, all of these initiatives is expected to provide the much-needed accessibility to credit and additional support required for further growth of the sector. We are optimistic and committed to leveraging these initiatives to foster growth and create socio-economic impact across the country .![](https://odishatazanews.com/wp-content/uploads/2024/07/odisha-Tazanews-Abhimanyu-Maharana-1-214x300.jpg)
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