The Union Budget for the fiscal year 2025-26 has begun at the Indian parliament. The FM of the country, Nirmala Sitharaman, started the budget with a focus on all.
She started with the agriculture sector. Further, she also spoke about the MSME sector.
The minister talked about the vastness of the sector. And also announced some crucial schemes for the sector.
FM has focused on expanding credit access to the MSMEs in the country.
She said that there will be an additional investment of Rs 10 crore in the MSME sector.
Loans terms will be made easier for MSMEs.
FM also announce a new scheme for entrepreneurs from the SC/ST community.
Fm said, ""To improve access to credit, the credit guarantee cover will be enhanced. For micro and small enterprises from Rs 5 to Rs 10 crores leading to additional credit of Rs 1.5 Lakh Crores in the next 5 years. For startups, from Rs 10 Crores to Rs 20 Crores with the guarantee fee being moderated to 1% for loans in 27 focus sectors which are important for Aatmanirbhar Bharat. For well-run exporter MSMEs, for term loans up to Rs 20 Crores. Also for the micro-enterprises, we will introduce customised credit cards with a Rs 5 Lkah limit for micro-enterprises registered on Udyam portal."
