In an era where micro, small, and medium enterprises (MSMEs) serve as the backbone of India’s economic growth, policy interventions play a crucial role in fostering their sustainability and expansion. The recently unveiled Union Budget for 2025-26 has placed a significant emphasis on empowering MSMEs by addressing key challenges such as credit accessibility, global competitiveness, and entrepreneurial support. As India positions itself as a global manufacturing hub, these measures are set to catalyze innovation, create jobs, and enhance economic inclusivity. Leading this dialogue is CS (Dr.) Adv. Mamta Binani, a distinguished leader in the corporate and legal ecosystem, widely recognized for her contributions to governance, business restructuring, and financial empowerment. As the President of the MSME Development Forum – West Bengal, she has been a staunch advocate for policies that enhance the sector’s resilience and growth trajectory.
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CS (Dr.) Adv. Mamta Binani, President of the MSME Development Forum WB, said, “The recently announced Union Budget for 2025-26 by Finance Minister Nirmala Sitharaman is a game-changer for MSMEs. The enhanced credit guarantee, increased investment limits, and targeted support for women and young entrepreneurs will significantly drive growth and innovation, making Indian MSMEs more competitive on the global stage while creating much-needed employment opportunities.
The introduction of customized credit cards with a ₹5 lakh limit for micro enterprises will provide essential access to finance, enabling growth and sustainability. Furthermore, the focus on tackling non-tariff barriers to exports and enhancing global competitiveness will open new avenues for MSMEs to thrive internationally. These measures, along with the increased focus on women and youth entrepreneurs, will drive innovation, create jobs, and position India as a formidable global manufacturing hub. This holistic approach to strengthening MSMEs is a significant step towards inclusive and sustainable economic growth.”
