The budget 2023 lays down a slew of measures to boost the holistic growth and development of the entire MSME community, including the launch of a unified Skill India Digital Platform. This will help in enabling demand-based skilling, facilitating access to entrepreneurial schemes, and linking with employers, including MSMEs. Simultaneously with an infusion of Rs 9,000 crore into the corpus, the credit guarantee scheme will prove beneficial for MSMEs that are still recovering from the effects of the pandemic. While the scheme had a rough start, lending to MSMEs by banks has surged significantly in the past two years and the scheme has helped alleviate stress in the sector. Increasing presumptive taxation limits for MSMEs and certain professionals with a turnover of up to Rs 3 crore and Rs 75 lakh, respectively is another critical relief for MSMEs. This will help make tax filing simpler for small businesses as they will be relieved from the tedious task of maintaining books of accounts and their income will be calculated on a presumptive basis, depending on the turnover. I believe all these measures collectively will act as a catalyst to boost the Indian economy.