Spotlight on small business success: Union Budget 2026-27 elevates MSMEs to the forefront of India’s growth narrative. Official details from Sunday reveal ambitious steps to transform these units into international powerhouses with robust domestic ties.
MSMEs dominate with 35.4% of manufacturing, 48.58% exports, 31.1% GDP, running 7.47 crore operations that employ 32.82 crore – a jobs juggernaut rivaling farming.
Anchored in three duties for fast-track progress, public promise delivery, and pan-India capability uplift, the plan deploys equity, liquidity, and advisory boosts for MSMEs.
New Rs 10,000 crore SME Growth Fund targets expansion-ready firms. Atmanirbhar Bharat Fund gains Rs 2,000 crore more, post its Rs 15,442 crore aid to 682 MSMEs by November 2025.
TReDS has unlocked Rs 7 lakh crore+ in working capital; CPSE mandates ensure compliance, CGTMSE covers invoice discounts, GeM-TReDS synergy speeds cheap loans, and asset-backed securitization of bills injects market liquidity.
Poised for breakthrough, MSMEs will fuel employment, innovation, and economic self-reliance, scripting India’s next success chapter.