5 months ago
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Trade bodies said the Union Budget 2026-27 reflected a holistic improvement imaginativeness and truthful would springiness an wide fillip to Micro, Small, and Medium Enterprises (MSMEs) successful the State.
The Karnataka Small Scale Industries’ Association (KASSIA) said, “The Budget laid accent connected strengthening home manufacturing, scaling MSMEs, and bolstering infrastructure.”
B.R. Ganesh Rao, president, KASSIA said, “The cardinal announcements specified arsenic the ₹10,000 crore SME Growth Fund, the top-up of ₹4,000 crore to the Self-Reliance India Fund, and enactment measures integrated for accepted sectors were expected to supply captious impetus to the micro and tiny enterprises crossed the country.”
“These measures purpose to not lone heighten superior entree but besides nurture competitive, export-oriented, and tech-enabled tiny businesses, which signifier the backbone of India’s concern ecosystem,” helium said.
“Overall, the Budget strikes a good equilibrium betwixt growth, reforms, and inclusion, and provides a beardown instauration to accelerate India’s travel towards a Viksit Bharat,” Mr. Rao said.
According to the Federation of Karnataka Chambers of Commerce & Industry (FKCCI), the Union Budget 2026-27 offers forward-looking and action-oriented proposals that reenforce India’s maturation momentum portion maintaining fiscal discipline.
“The ₹10,000 crore SME Growth Fund, mandatory adoption of TReDS for CPSE procurement, revival of bequest concern clusters, and targeted taxation and customs reforms volition importantly amended liquidity, competitiveness, and formalisation of the MSMEs,” said Uma Reddy, president of FKCCI.
The Budget focused connected the MSME recognition flow, logistics infrastructure, electronics and semiconductor manufacturing, and tier-II and tier-III metropolis improvement and was particularly encouraging for Karnataka arsenic it housed a ample attraction of MSMEs, start-ups, exertion firms, IT&digital services and export-oriented manufacturing units.
Measures specified arsenic enhanced TReDS coverage, nonrecreational compliance enactment for MSMEs, clump revival, and improved easiness of doing concern would straight payment the State’s concern corridors and maturation centres, Ms. Reddy said.
The FKCCI besides underscored the value of the Bharat Vistar inaugural for strengthening Karnataka’s accepted and agro-based industries specified arsenic nuts, coconut, and sandalwood, enabling wider marketplace access, worth addition, and higher incomes for MSMEs and agrarian producers.
“The connection connected high-speed obstruction corridors volition payment the State. Faster connectivity from Bengaluru to cardinal economical hubs volition boost productivity, logistics efficiency, and determination growth,” she added.
Prashant Gokhale, president, the Bangalore Chamber of Industry and Commerce (BCIC), said, “The Budget strengthens nationalist resilience amid geopolitical challenges and thoughtfully addresses cardinal sectors. The absorption connected enhancing farmers’ income done value-added crops and exertion adoption, investments successful high-speed obstruction and infrastructure, particularly successful the North-East, and timely reforms for information centres and the IT assemblage volition boost connectivity and India’s integer ecosystem,” Mr. Gokhale said.
The beardown accent connected the MSMEs and manufacturing would thrust employment and stimulate request for superior goods, helium said.
K.R. Sekar, ex-president of BCIC, and mentor of the Direct Tax Expert Committee and Partner astatine Deloitte, commented, “The Budget thoughtfully addressed some (manufacturing and new-age IT). The revised borderline of 15.5%, enhancement of the turnover threshold from ₹300 crore to ₹2,000 crore and the hold of taxation vacation benefits for information centres are significant.”
