Union Budget 2022: The Confederation of Indian Industry (CII), in its pre-budget memorandum has made recommendations around easing credit access for MSMEs, including expediting the implementation of the Fund of Funds scheme announced by the government last year.

Micro, Small, and Mid-size enterprises (MSMEs) are expecting a special focus on the sector, reduction in GST, relaxation in compliances, address the issue of delayed payments, and ease of access to capital, among others from Union Budget 2022, which is scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1.