February 5, 2025 10:01 AM

Budget 2025-26: MSMEs to receive Rs.1.5 lakh crore in additional credit, new initiatives to benefit 5 lakh entrepreneurs

The Union Budget 2025-26 has introduced a set of comprehensive measures to boost the Micro, Small, and Medium Enterprises (MSME) sector, recognising its critical role in India’s economic growth as per a press release issued by the Ministry of Micro, Small & Medium Enterprises. With 5.93 crore registered MSMEs employing over 25 crore people, the sector contributes significantly to manufacturing, exports, and job creation. In 2023-24 alone, MSME-related products accounted for 45.73% of India...