India, Feb. 3 -- As the Government of India marches towards shaping the new journey of Viksit Bharat with the Union Budget 2025-26, there are some exciting announcements for the small and medium-sized businesses and startups in India. Recognizing these businesses as an important aspect in driving growth, innovation, and employability, the government has brought in several initiatives to enhance credit access, digitalization, and support entrepreneurship.

Firstly, the credit guarantee scheme for Micro and Small Enterprises has been expanded in the recent budget. And, that means, now businesses will get a cover of up to INR 10 crore to scale up their operations.

A new scheme called 'Customized credit cards' was also introduced with a limi...