MSMEs: Core of India’s Global Growth Strategy
The Union Budget 2026-27 places Micro, Small and Medium Enterprises (MSMEs) at the centre of India’s growth story, unveiling a comprehensive strategy to transform them into globally competitive champions.
- Recognising the sector’s pivotal role in employment generation and exports, the Budget proposes a three-pronged approach to strengthen MSMEs at scale.
Three-pronged Approach to Help MSMEs Grow as Champions
- Equity Support
- A dedicated Rs. 10,000 crore SME Growth Fund has been announced to generate future champions by incentivising enterprises based on defined eligibility criteria.
- The Self-Reliant India (SRI) Fund, established in 2021, will be increased with Rs. 2,000 crore to sustain support ....
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