The proposal to set up a dedicated ₹10,000-crore growth fund for micro, small and medium enterprises (MSMEs) in the Union Budget 2026-27 will be a “game-changer” for the sector, notes industry bodies.
The Budget has accorded due importance to MSMEs as a key driver of supply chains, employment and exports, the industry bodies add.
MSME Development Forum-West Bengal president Mamta Binani said the announcement comes at a crucial time when the sector is grappling with liquidity constraints, delayed payments and rising competitive pressures.
“The announcement is a monumental stride towards strengthening India’s MSME ecosystem. This visionary initiative will provide crucial capital to help enterprises innovate, modernise and scale, while also tariff-proofing the sector against global trade disruptions,” Ms. Binani said.
She said the fund would act as a catalyst for improving competitiveness, expanding access to global markets and enabling deeper integration of MSMEs into domestic and international value chains.
“At a time when MSMEs face intense challenges, this fund, along with enhanced credit access and other structural support measures announced in the Budget, underscores the government’s commitment to unlocking the full potential of the sector, which is the backbone of industrial growth, employment generation and exports,” she said.
-PTI
