Investment Tax Budget 2024

Old Vs New:

Effective Income Tax:

LTCG & STCG: 

Special Note for MSME Sector of India 

# Introduction of credit guarantee scheme for MSME

A self-financing guarantee fund will be established, providing guarantee coverage up to ₹100 crore per applicant, although the loan amounts may exceed this limit. Borrowers will be required to pay an upfront guarantee fee and an annual fee based on the reducing loan balance.

# Support during financial stress

A mechanism to support MSMEs during periods of financial stress was also announced. As per the FM, this initiative ensures continued access to bank credit for MSMEs in the ‘special mention account’ (SMA) stage, helping them avoid slipping into non-performing asset (NPA) status

# Increased mudra loan limits

The budget also proposed enhancing the limit for Mudra loans under the ‘Tarun’ category from ₹10 lakh to ₹20 lakh. This increase is targeted at entrepreneurs who have successfully repaid previous loans, enabling them to secure larger funds for business expansion.