Budget 2022 MSME

Finance Minister, Nirmala Sitharaman presented the Union Budget 2022 on February 1. The budget came with several beneficial aspects for the MSME sector. employees' family as well). Indian GDP by comprising 6.3 million units and employs the 11 Crore population of India, FM announced several benefits. Let’s have a look:

Read more

Personalised health plans that fit your organization's requirements & dedicated experts to help you choose.

No medical test required
Covers treatment towards illness and accident
Covid-19 cover

App & Website

24X7 Support

Customised Plans

15+ Insurers

Account Manager

Speedy Claims

*Premium starting from ₹110/Employee/Month for ₹1 Lac Sum Insured covering Health & Wellness Needs (excluding GST)
#Premium may vary on the basis of coverage type & add-ons
**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

₹1 lakh cover @ just ₹110/employee*

Select No. of Employees in your organisation

By clicking on "" you agree to our
Privacy Policy and Terms of Use
Get Updates on WhatsApp

*Premium starting from ₹110/Employee/Month for ₹1 Lac Sum Insured covering Health & Wellness Needs (excluding GST)
#Premium may vary on the basis of coverage type & add-ons
**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Organization we are trusted by

axisbank
byjus
swiggy
lenskart
cars24
yatra
delhivery
1mg
spinny
care
exidelife
g
max
delhidutyfree
pnb
canarahsbc
orange
universalsompo
colliers
celebi

Top Plans

Plans that covers all the Employees, their Spouse and Kids (up to 25 years of age)
See more plans
Disclaimer: The above plans and premiums are for 1 Lakh sum per life per month covering Health and Wellness needs of 7 Employees, 5 Spouse & 2 Kids below 35 years of age. The premium is inclusive of GST and do not cover PEDs & Maternity. Standard T&C Apply PolicyBazaar does not rate, endorse or recommend any particular insurer or insurance product offered by the insurer.

Market Protection & Input Cost Optimization

FM Nirmala Sitharaman announced a reduction in the tariffs of imports on inputs along with the increment in imposing the tariffs on end products in order to help and lead the SMEs to better protection and increase the competitiveness.

To take steps in the right direction, the government announced a reduction in customs duty while levying 7% of duty on capital goods. In the textile sector, handicrafts, leather, the government reduced import tariffs that will help in the growth and help in competing globally.

Emergency Credit Line Scheme

The government has extended the scheme to March 2023. This scheme will provide guaranteed cover that has been increased from Rs. 50,000 Crore to Rs. 5,00,000 Crore along with exclusive cover in the hospitality sector.

Financial Inclusion

There will be additional physical banking facilities that will enable the mobilization of post office infrastructure. Also, there will be an additional 75 digital banking units by commercial banks in 75 rural districts.

The government also revamped the credit guarantee scheme that is expected to be Rs. 2,00,000 Crore for the MSME sector.

Infrastructure

Investments in cargo terminals, logistics parks will be facilitated under Gati Shakti Infrastructure in the single domestic market connectivity as well as global market connectivity.

For Start-ups

Under the NABARD startup initiative, FPOs and individuals will be fostered along with a capital gains surcharge that will help in boosting the start-ups.

Skilling & Ease of Doing Business

FM Nirmala SItharaman announced the initiation of a National skill qualification framework that will be aligned with the dynamic industry needs. Also, the Udyam portal will help in doing the business easily to provide B2B, G2B, and B2G services that will also help in recruitment and skilling the employees.

Written By: PolicyBazaar - Updated: 08 February 2022
Couldn't find the right plan?
Let's navigate the complex world of insurance together. It's actually quite simple!

Customizable plans from top insurers

starting @ ₹110/employee*

View Quotes

Group Health insurance articles

Recent Articles
Popular Articles
Buying Group Health Insurance for Small Business

22 Sep 2022

In India, the small and medium enterprises sector has emerged as...
Read more
Look Out for these Group Health Insurance Cost Factors

21 Sep 2022

In recent years, there has been a significant rise in...
Read more
Bank-Offered Group Health Insurance Policy: Explained!

21 Sep 2022

Adequate health insurance forms an important component in a...
Read more
5 Questions to Ask About Employee Benefits, Especially Group Insurance

21 Sep 2022

In today’s job market, an employee benefits package that is...
Read more
Top Reasons Why Employees Don’t Utilise Group Health Insurance

21 Sep 2022

As per research by Oxford University’s Said Business School...
Read more
What Is GIPSA & How Does It Work?
GIPSA stands for General Insurance Public Sector Association.It is a group of four General insurance companies....
Read more
Aspects Related To Termination Of An Employee In India
Every sector in India went through a bad phase after the impact of the Corona Pandemic. Be it the employers or the...
Read more
What is Corporate Buffer in Group Health Insurance?
Group health insurance for employees is one of the most common and favored types of benefits offered by the...
Read more
How You Can Benefit from Group Insurance as an Employer?
Keeping employees motivated and productive is easier when you make them feel secure. A group health insurance...
Read more
Is Group Health Insurance Compulsory In India?
Group health insurance policy provides coverage to the insured employee in case of a medical emergency. It takes...
Read more