Industry Welcomes Union Budget 2026–27 Allocations for Small and Micro Enterprises
The Union Budget 2026–27 has been welcomed by industry with ₹10,000 crore allocated for small-scale industries and ₹2,000 crore for micro enterprise development to boost business growth and jobs.
Prasanth Subramani
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The Union Budget for the 2026–27 financial year has received a warm response from industry leaders following key announcements aimed at strengthening the small and micro enterprise sector.
The budget has allocated ₹10,000 crore for the growth of small-scale industries and an additional ₹2,000 crore for the development of micro enterprises. Industrialists and business associations have welcomed the move, stating that the funding will help improve access to credit, encourage modernization, and boost competitiveness across various sectors.
Experts believe the special allocations will support job creation, foster entrepreneurship, and contribute to sustainable economic growth in the coming years.
