NewzVille Desk
The Union Budget 2025 is a high-aspiration and forward-looking document that reflects Prime Minister Narendra Modi’s visionary leadership and his resolve to transform India into a global economic powerhouse by optimally leveraging the nation’s domestic resources said Praveen Khandelwal, Member of Parliament from Chandni Chowk and Secretary General of the Confederation of All India Traders (CAIT).
Addressing a press conference in New Delhi today, Khandelwal said it is for the first time that MSME growth-oriented and trader-friendly roadmap for Viksit Bharat @2047, fully aligned commitment to building a self-reliant, resilient and globally competitive India.
He welcomed the government’s decision to designate MSMEs as ‘Champions of Growth’, stating that the Budget places small businesses and traders at the very centre of India’s development strategy.
Khandelwal said the Budget is strategically aligned with the ‘Swadeshi’ call of Prime Minister Modi, promoting domestic manufacturing, value audition and branding of Indian products, while simultaneously strengthening India’s export potential. “This seamless linkage between Swadeshi and global outreach will enable Indian goods to access new international markets with greater confidence and competitiveness,” he said.
Welcorning the announcement of a ₹10,000 crore SME Growth Fund, Shri Khandelwal said it clearly reflects the government’s intent to integrate MSMEs into India’s long-term growth and export ambitions. “By resting support on three critical pillars-equity infusion, enhanced liquidity and professional handholding the initiative provides a comprehensive framework for scaling MSMEs,” he said.
He explained that equity support, unlike traditional debt, allows firms to invest in technology, expand production and explore export markets without the immediate pressure of repayments. “This marks a decisive shift from supporting MSMEs merely with liquidity to empowering them with long-term capabilities especially crucial when global demand remains uneven and financing costs are elevated,” he added.
MP Khandelwal noted that as India navigates a volatile global trade environment while expanding its network of Free Trade Agreements, such measures are timely and strategic, enabling MSMEs to scale up and integrate into global value chains. He further observed that India’s next export surge will likely come not from a handful of large conglomerates, but from thousands of competitive, well-supported and globally oriented MSMEs. The ₹2,000 crore top-up to the Self-Reliant India Fund will further help scalable MSMEs expand without balance-sheet stress.
Khandelwal welcomed a series of reforms aimed at accelerating capital flow to traders and MSMEs, including:
# Mandating TREDS for CPSE purchases from MSMEs
# Extending credit guarantee support for invoice discounting
# Linking GeM with TREDS
# Permitting securitisation of TReDS receivables to create a secondary market
“These measures will unlock faster, cheaper and more reliable to working capital for MSMEs,” he said.
