Tejas Goenka, MD of Tally Solutions, Lauds Union Budget 2025 for Boosting MSMEs, Startups, and Tech Innovation

Mr. Tejas Goenka, Managing Director, Tally Solutions

“The Union Budget 2025 underscores the government’s unwavering commitment to strengthening India’s MSME sector, which remains the backbone of our economy. With enhanced credit guarantee covers, increased investment and turnover limits, and simplified KYC processes, MSMEs are set to scale new heights, fostering local economies and enhancing global competitiveness.

Equally significant is the focus on India’s vibrant startup ecosystem, with the introduction of the ₹10,000 crore FoF aimed at providing strong financial backing to emerging businesses. The newly announced Deep Tech Fund further reinforces this commitment, enabling core R&D advancements that will drive innovation across industries. The simplification of TDS and TCS, along with a transparent tax structure, will ease compliance and stimulate economic expansion. With these reforms, India is primed for a more resilient, tech-driven future, aligning with the ‘Make in India’ initiative and the vision of Aatmanirbhar Bharat and Viksit Bharat, positioning Tally, India’s leading business automation software, as a key enabler in this transformative journey.”