Bengaluru, Feb. 3 -- The union Budget 2026-27 has drawn praise from industry leaders for its historic Rs 10,000 crore equity allocation for MSMEs, seen as a potential game-changer for India's job creators. During the BCIC post-Budget analysis, experts highlighted that this shift from credit-heavy schemes to equity-based support could provide sustainable funding and strengthen employment-intensive sectors such as textiles, tourism, and manufacturing.
KR Sekar, BCIC mentor and Deloitte Partner, said the move aligns with global best practices and reflects the growing financial inclusion of MSMEs, with formal banking access rising sharply in recent years. Prashant Gokhale, BCIC President, noted that the Budget's focus on manufacturing, agricul...