‘A great step’: Snapdeal’ CEO Kunal Bahl on Budget’s move to double startup MSME credit guarantee to ₹20 cr

Snapdeal CEO KUNAL BAHLE WELCOME TO UNION BUDGET 2025-26, focusing on the promotion of startups and MSMES, emphasizing the doubling step of the credit guarantee. “Starting MSME Credit Guarantee Current ₹ 10 Crore 20 Crore is a great step by allowing that the working capital financing for the launch for Msmes. This is a great obstacle to beginners to grow without diluting their equity, “said Bahle, emphasizing a challenge that has long-term business growth.

Presenting the budget, on Saturday, Minister of Finance Nirmala Sitaraman announced that the credit warranty cover of startups would improve ₹ 10 to 20 volume. This step aims to relieve working capital access, reduce dependence on equity financing and launching the necessary financial flexibility. In addition, the warranty fee will be 1% for loans in 27 focus areas, which are important for Aatmanirbhar Bharat initiative.

Sitarama also found amendments to MSME classifications, investment and circulation borders, 2.5 times and 2 times their current thresholds, respectively. “This will give them confidence to grow and create work for our youth,” he said, emphasizing the government’s attention to the government’s attention to the government’s expansion.

The loan guarantee coverage will increase to 10 volume for micro and small enterprises, possible loan in the next five years. The volume of gaspet Msmes will also benefit from up to 20 cavities with guarantees of the loan term. Credit cards tailored to micro-enterprises will be introduced in the Last Part of U.5 for those registered in Udam portal.

Budget measures are considered strategic pressure to promote innovation to strengthen MSMES and support the Indian economy.