Govt proposes to top up Self Reliant India Fund with Rs 4,000 cr in 2026-27 to support MSMEs
New Delhi (PTI): Finance Minister Nirmala Sitharaman on Sunday announced that the Self-Reliant India Fund will be topped up by Rs 4,000 crore in 2026-27 to support micro, small and medium enterprises (MSMEs).
The fund was announced in 2023 to infuse Rs 50,000 crore in equity funding into MSMEs with the potential and viability to grow into large units.
While presenting the Budget 2026-27, the minister also proposed an integrated textile programme with five sub-parts, a move that could help the sector, which is facing challenges due to steep 50 per cent tariffs imposed by the US.
In her Budget speech, she proposeed Natural Fibre Scheme, Textile Expansion and Employment Scheme, and National Handloom and Handicraft programme.
The minister also proposed to make TReDS as transaction platforms for all purchases from MSMEs by central public sector enterprises.
TReDS platform - Receivables Exchange of India Ltd (RXIL) is a joint venture promoted by SIDBI and NSE.
The minister added that the government will continue to develop infrastructure in Tier 2, and Tier 3 cities.
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US rules out use of nuclear weapons against Iran
Washington DC: The White House has reportedly ruled out the use of nuclear weapons against Iran, even as uncertainty continues over ongoing peace negotiations and a deadline set by US President Donald Trump approaches.
Issues bout a possible escalation had increased after US Vice President JD Vance said that the United States has “tools in our toolkit that we so far haven’t decided to use” in dealing with Iran.
His remarks came amid rising tensions and ahead of a deadline linked to peace efforts.
The situation has attracted attention as Trump warned Iran that its “whole civilization will die tonight tonight” if an agreement is not reached by Tuesday at 8 pm.
This statement led to speculation about the possibility of extreme military measures, including a nuclear strike.
Following Vance’s comments, the White House issued a clarification distancing itself from such interpretations. In a post on X, it said, "Literally nothing @VP said here 'implies' this, you absolute buffoons." In a later statement, it added that “only the president knows” what action will be taken regarding Iran.
Literally nothing @VP said here "implies" this, you absolute buffoons https://t.co/7JU3wXMaWX
— Rapid Response 47 (@RapidResponse47) April 7, 2026
