The Confederation of Indian Industry (CII), Salem Zone, has welcomed the Budget tabled by the Union Government for 2026-27 saying it will largely boost MSME, agriculture, healthcare, education, infrastructure, and tourism sectors.
The CII Salem zone said in a press release that a dedicated ₹10,000 crore SME Growth Fund, launched to create future champions, is a welcome move to support growth-oriented MSMEs. The Self-Reliant India (SRI) Fund, with a top-up of ₹2,000 crore towards providing risk capital, will support small and medium manufacturers that are in credit crunch. The credit guarantee cover expansion for collateral-free loans for micro and small enterprises was doubled from ₹5 crore to ₹10 crore, aiming to facilitate an additional ₹1.5 lakh crore in credit over the next five years under CGTMSE, which is a boost to the MSME sector.
The Government e-Marketplace (GeM) linkage with TReDS will allow cheaper and quicker financing based on government purchase data for MSMEs. The removal of the ₹10 lakh value cap per consignment on courier exports is a major boost for Direct-to-Consumer (D2C) MSMEs.
Public capital expenditure on infrastructure has increased to ₹12.2 lakh crore, which is a major boost to the infra sector. A dedicated high-speed rail corridor connecting Chennai and Bengaluru is a big boost to Tamil Nadu. Development of 15 archaeological sites as experiential destinations and a pilot scheme to upskill 10,000 guides will boost the tourism sector. The total allocation for the Ministry of Education of ₹1,39,289 crore, marking an 8.27% rise from the previous year in this Budget, is a significant move and ensures education for all, the CII added in its release.
Published – February 01, 2026 07:03 pm IST
