{"id":125632,"date":"2024-07-25T10:32:24","date_gmt":"2024-07-25T05:02:24","guid":{"rendered":"http:\/\/indusvalleytimes.com\/news\/?p=125632"},"modified":"2024-07-25T10:45:12","modified_gmt":"2024-07-25T05:15:12","slug":"budget-reaction-of-mr-priyadarshi-nanu-pany-founder-ceo-csm-tech","status":"publish","type":"post","link":"https:\/\/indusvalleytimes.com\/news\/budget-reaction-of-mr-priyadarshi-nanu-pany-founder-ceo-csm-tech\/","title":{"rendered":"Union Budget\u2019s focus on MSMEs reflects understanding of sector&#8217;s challenges, potential, says CSM top executive Priyadarshi Nanu Pany"},"content":{"rendered":"\n<p class=\"caps\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">By A. K. Sahoo<\/mark><\/strong><\/p>\n\n\n\n<p>Bhubaneswar, July 25: The Union Budget\u2019s focus on MSMEs reflects a nuanced understanding of the sector&#8217;s challenges and potential. The multi-pronged approach addresses critical pain points while fostering innovation and growth, said Mr Priyadarshi Nanu Pany, founder &amp; CEO, CSM Tech.<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">The credit-centric measures, including the new guarantee scheme, stress-period support, and the digital footprint-based assessment model could revolutionize MSME financing. By reducing reliance on collateral and traditional metrics, these initiatives promise to unlock capital for a broader spectrum of enterprises, potentially catalyzing growth and job creation, added Pani.<\/mark><\/p>\n\n\n\n<p><em><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">\u201cThe expansion of TReDS and SIDBI&#8217;s reach demonstrates a commitment to improving liquidity and financial inclusion across MSME clusters. Meanwhile, the focus on food safety and e-commerce export hubs signals a push towards quality improvement and global market access\u2014critical for the sector&#8217;s long-term competitiveness,\u201d observed the CSM top executive<\/mark><\/em>.<\/p>\n\n\n\n<p>However, the efficacy of these measures will hinge on implementation. The success of the digital assessment model, for instance, will depend on the robustness of the underlying algorithms and data infrastructure. Overall, these provisions represent a significant step towards modernizing and strengthening the MSME ecosystem. If executed effectively, they could drive substantial economic value, fostering innovation and enhancing India&#8217;s position in global value chains, he suggested.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By A. K. Sahoo Bhubaneswar, July 25: The Union Budget\u2019s focus on MSMEs reflects a nuanced understanding of the sector&#8217;s challenges and potential. The multi-pronged approach addresses critical pain points<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-125632","post","type-post","status-publish","format-standard","hentry","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Union Budget\u2019s focus on MSMEs reflects understanding of sector&#039;s challenges, potential, says CSM top executive Priyadarshi Nanu Pany - Indus Valley Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indusvalleytimes.com\/news\/budget-reaction-of-mr-priyadarshi-nanu-pany-founder-ceo-csm-tech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Union Budget\u2019s focus on MSMEs reflects understanding of sector&#039;s challenges, potential, says CSM top executive Priyadarshi Nanu Pany - Indus Valley Times\" \/>\n<meta property=\"og:description\" content=\"By A. 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