GST 2.0 Boosts MSME Expansion Plans as Banks Near Annual Lending Targets - CAclubindia

The recent GST rate cut has triggered a fresh wave of credit demand from India's micro, small and medium enterprises (MSMEs), with banks witnessing a sharp rise in enquiries for expansion-linked funding. According to industry executives, the GST rejig has not only improved profitability for MSMEs but also encouraged them to scale operations, prompting lenders to accelerate their MSME-focused initi…