Budget 2021 should support MSMEs and allow access to credit: Prasad Shejale

India is gearing up for, what is being termed as, a never-before Budget, which will be the country’s first paperless and mobile. Finance Minister Nirmala Sitharaman recently launched the Union Budget Mobile App, which will give complete access to 14 Union Budget documents, including the Annual Financial Statement (commonly known as Budget), Demand for Grants (DG), Finance Bill etc., as prescribed by the Constitution.

The industry is looking forward to a Budget, which will presented by the Finance Minister on February 1, 2021, that will set the pandemic-affected economy in motion and on the path to fast recovery.

Prasad Shejale, Founder and CEO, Logicserve Digital, noted, “The past year was challenging for all of us in many ways. The pandemic has affected economies and financial stability of individuals, businesses as well as nations.”

On his expectations from Budget 2021-22, Shejale said, “The Budget this year should make efforts for supporting MSMEs and allow access to credit and latest technologies. COVID-19 gave a strong push to the digital sector and it has seen good growth across markets as well as industries. The Government should keep up with their focus on enhancing the digital infrastructure and strengthen it in Tier 2 and Tier 3 areas.”

He expressed his happiness over the Government’s support for the BharatNet programme and said that he looked forward to witnessing how it will shape up the digital media and entertainment industry ahead.

“Also, considering the difficult times, I hope to see directed and strategic efforts from the Government to provide the necessary assistance to the developing sectors as well as those who have a great potential to add value to the economy of the country,” Shejale added.