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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Budget 2026-27 directionless, visionless; nothing for Bengal in it: Mamata
Kolkata (PTI): West Bengal Chief Minister Mamata Banerjee on Sunday described the Union Budget for 2026-27 as "directionless, visionless and anti-people”, which had nothing on offer for her state.
Banerjee, speaking to reporters at Kolkata airport before leaving for New Delhi, also claimed that the Budget had nothing for the common man.
"This Budget is directionless, visionless, actionless and anti-people. It is also anti-women, anti-farmer, anti-education and against the SC, ST and OBC... There is nothing on offer for Bengal in the Budget," she alleged.
Finance Minister Nirmala Sitharaman presented the Budget in the Lok Sabha earlier in the day.
