Inside BENEO’s new pulse plant: pioneering sustainable protein from faba beans
K V Srinivasan, Executive Director and CEO of Profectus Capital Private Limited
The Union Budget 2025 has introduced significant reforms to strengthen the Micro, Small, and Medium Enterprises (MSME) sector, a move welcomed by industry leaders.
Reacting to the budget, K V Srinivasan, Executive Director and CEO of Profectus Capital Private Limited, praised the government’s initiatives, stating: “The budget has significantly boosted the MSME sector by raising the thresholds for capital investment and turnover criteria. Combined with the enhanced credit guarantee scheme, this move is expected to drive increased capital investment, helping MSMEs modernise and expand. Improved credit flow for startups is also a very welcome move. With the personal tax burden decreasing sharply, the increased consumption power should help drive overall demand for goods and services from MSMEs.”
Industry analysts believe that with lower personal income tax rates, consumer spending is likely to rise, indirectly benefiting MSMEs by boosting demand for their products and services.
As the government pushes forward with its pro-MSME policies, experts anticipate a positive ripple effect across the economy, fostering entrepreneurship, job creation, and long-term economic stability.