Which of the following was a focus in the Budget 2024 to stimulate growth in the MSME sector?

Correct option is C

The correct option is: (c) Loan schemes for small businesses

• TheUnion Budget 2024emphasizedcredit access and loan supportfor MSMEs to revive small businesses and generate employment.

• Special focus was given tocollateral-free loans,credit guarantees, andinterest subsidiesto enhance MSME participation in the formal economy.

• Key Scheme: Credit Guarantee Scheme revamped for MSMEs.

• Other Initiatives: Faster invoice settlement, digital platform linkages.

• Objective: Improvefinancial inclusion, growth, and resilience of small-scale businesses post-COVID recovery.