LUCKNOW, Feb. 15 -- The manner in which the Micro, Small and Medium Enterprises (MSME) sector, regarded as the backbone of the state's economy, has been prioritised in Budget 2026-27 signals a transformation in the industrial landscape in the coming years.
At present, around 96 lakh MSME units are operating in the state, forming the basis of livelihood for nearly three crore families. A provision of Rs 3,822 crore is being made in this budget. The 19 percent increase compared to the previous year is not merely a budgetary expansion but part of a comprehensive strategy for employment generation and self-reliance.
The state government intends to move MSMEs beyond a subsidy-based framework and make them competitive and self-reliant. Under th...