HENCY R SHAH AND ASSOCIATES

"Empowering Entrepreneurs: Celebrating the 8th Year of Mudra Loans and counting" MUDRA loan is a financial initiative launched by the Government of India on 8th April 2015, to provide financial support to small and medium enterprises (SMEs) in India. MUDRA stands for Micro Units Development and Refinance Agency Ltd. It is a subsidiary of the Small Industries Development Bank of India (SIDBI) and acts as a refinancing agency for microfinance institutions, which provide loans to small businesses. The primary objective of MUDRA loan is to promote entrepreneurship and boost the growth of small businesses in India by providing them with easy access to credit. The loan scheme is available for various sectors such as manufacturing, trading, services, and agriculture. MUDRA loans are classified into three categories based on the loan amount, namely, Shishu, Kishor, and Tarun. Shishu: This category covers loans up to INR 50,000, which are typically provided to small businesses that ar...

  Budget Expectation 2023 Countdown has begun for Budget 2023. Here are a few expectations from Union Budget 2023: Education sector deserves a top spot in this year's Union Budget Increase section 80C limit to Rs 2 lakh Expectations on Cybersecurity in India Government must enhance old regime tax slabs Startups seek a simplified tax regime, reduction in MAT Budget should encourage investments in core R&D on AI and Robotics Budget must create a favorable climate to make India a part of the worldwide supply chain Budget should focus on falling imports, the impact of a slowdown Industry looking forward to policy announcements and allocations designed to support startup ventures Enable SaaS start-ups to navigate compliance and legal requirements faster Corporates seek tax relief measures for work from home employees Digitization has eased tax compliance Hike standard deduction to Rs 1 lakh Unified income tax filing form Income Tax relief for small taxpayers Tax kit...