New Delhi, Feb. 1 -- In a big push to local manufacturing and create more jobs, Finance Minister Nirmala Sitharaman on Saturday while presenting Union Budget 2025-26 in Lok Sabha announced a slew of measures including easier credit for micro and small enterprises, making India a global hub for toys and setting up Fund of Funds for startups.
Sitharaman announced enhanced credit guarantee cover for Micro and Small Enterprises from Rs 5 crore to Rs 10 crore.
For start-ups, the credit guarantee cover would be doubled to Rs 20 crore besides bringing down the guarantee fee down to 1% for loans in 27 focus sectors.
The Budget 2025-26 has also proposed customised credit cards for Micro Enterprises registered on the Udyam portal with Rs 5 lakh li...