Lucknow: The Union Budget 2025-26 has introduced a range of measures aimed at accelerating the growth of MSMEs (Micro, Small, and Medium Enterprises) and empowering entrepreneurs across India. Some of the key proposals include:
- Revised MSME Classification: Investment and turnover limits for MSMEs will be enhanced to encourage growth. For instance, micro enterprises’ investment limit is increased from ₹1 crore to ₹2.5 crore, and their turnover limit from ₹5 crore to ₹10 crore. Small and medium enterprises also see similar increases in their limits.
- Credit Guarantee Enhancements: Credit guarantee coverage for micro and small enterprises will rise from ₹5 crore to ₹10 crore, providing more credit access. Startups and well-performing MSMEs in the export sector will also benefit from enhanced credit guarantees.
- Customized Credit Cards for Micro Enterprises: 10 lakh customized credit cards with ₹5 lakh limits will be issued to micro enterprises registered on the Udyam portal in the first year.
- New Fund of Funds for Startups: An additional ₹10,000 crore will be contributed to the existing Fund of Funds for Startups, stimulating investment in innovative ventures.
- Support for First-Time Entrepreneurs: A new scheme will offer term loans up to ₹2 crore for 5 lakh women and first-time entrepreneurs from Scheduled Castes and Scheduled Tribes over the next 5 years.
- Export Promotion Mission: A new mission will help MSMEs access export credit and deal with non-tariff barriers in international markets, with a focus on 27 sectors crucial to India’s self-reliance.
These steps are intended to create a robust environment for MSMEs, particularly encouraging technological advancements, job creation, and greater participation in global trade.
----------------------------------------------------------------------
-----------------------------------------------------------
