Finance Minister Nirmala Sitharaman announced a renewed push for India’s MSME sector in the Union Budget, unveiling fresh funding, revived industrial clusters, and stronger credit pipelines. The measures aim to reset how small businesses access capital, markets, and receivables, reinforcing MSMEs as the backbone of economic growth.

The government will revive 200 legacy industry clusters to restore jobs and modernise traditional manufacturing hubs hit by credit stress. A ₹10,000 crore SME Growth Fund will support high-potential firms, with incentives linked to productivity, formalisation, and export readiness, helping scale enterprises and boost competitiveness.




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