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

  1. 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 ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy April 2026 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Economy Watch