Goa's Industry hails Union Budget as positive growth-oriented

Panaji, Feb 1 (PTI) Goa's industry has hailed the Union Budget for 2023-24 as development-oriented and growth-driven.
    Goa State Industries Association President Damodar Kochkar, in a statement issued here on Wednesday, said Finance Minister Nirmala Sitharaman has presented a development-oriented and growth-driven Budget for 2023-24.
    The Budget 2023-24 has been focussed on seven priorities, including inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power and the financial sector, he added.
    In a big relief to COVID-hit MSMEs, Kochkar said, the finance minister has announced an infusion of 9,000 crore in the Credit Guarantee Scheme.
    "This will enable collateral security for Rs 2 lakh crore loans to MSME and increase fund flow to distressed and fund-starved MSME sector," he added.
    Travel and Tourism Association of Goa President Nilesh Shah said that it is a very positive budget.
    "It will help the overall growth of the country. The interest-free loan for 50 years will help the government to complete tourism-related projects, which were lagging behind due to financial constraints," Shah said.

(This story has not been edited by THE WEEK and is auto-generated from PTI)