The FICCI has come up with its suggestions for Union Budget 2022-23. The industry body has noted that the housing and real estate sector can be a force multiplier for growth and for kickstarting investments/ capex cycle. Housing and construction sectors have forward and backward linkages and impact nearly 200 sectors. The sector needs to be provided holistic support in the upcoming Union Budget. An interest subsidy of 3-4% on housing loans could also be offered for a period of 3-4 years. It noted that the Pradhan Mantri Ujjwala Yojana (PMUY) is a transformative scheme contributing towards improved living of poor households, better health of women and also contributing towards a cleaner environment. The subsidy component under the scheme has focused more on providing new gas connections, free first refills, free hotplates, etc., rather than regular subsidies on every refill. During the first wave of Covid pandemic, three free cylinder refills were offered to PMUY recipients. However, with increase in gas prices lately, affordability has become a major challenge for such households for using cooking gas. Various reports show that monthly expenditure of such households has risen significantly due to increased gas prices. It is thus suggested that the government should subsidise the usage of 6 -7 cylinders in a year for such households. FICCI has also suggested extending further support to MSMEs. The government could consider increasing Collateral free loans under CGTMSE from the existing Rs. 2 crores to up to Rs. 5 crores. To ensure timely payments to the MSMEs, it is suggested that there should be automatic publishing of GST registered MSMEs' invoices on TReDS, and these should be deemed accepted and payable by banks, once the date for acceptance or rejection by the buyer is over. The association has also recommended extending sunset date for newly incorporated domestic companies to commence their manufacturing till 31 March, 2025.