By:- Mr. Hiren Shah, Managing Director, Jyoti Global Plast

We welcomed the Union Budget 2026, highlighting the government’s renewed focus on strengthening the MSME ecosystem and advancing manufacturing-led growth. He noted that the Budget delivers a decisive structural push by improving access to capital, enhancing liquidity, and easing compliance—three long-standing challenges faced by MSMEs.

“The ₹10,000 crore MSME Growth Fund, along with the enhanced allocation to the Self-Reliant India Fund, directly addresses the risk-capital gap for micro and small enterprises. Mandatory participation of CPSEs on TReDS, backed by credit guarantees for invoice discounting and securitisation of TReDS receivables, is a significant reform that will materially improve cash-flow certainty for MSMEs,” he said.

He further added that the integration of GeM with TReDS and the introduction of ‘Corporate Mitras’ to support compliance readiness will enhance transparency and ease of doing business. “Coupled with sustained public capital expenditure and infrastructure development across tier 2 and tier 3 cities, the Budget lays a strong foundation for a scalable, resilient, and competitive MSME sector—enabling Indian manufacturers to emerge as global value-chain leaders.”