Dr. Irfan Khan, Chairman of EBG Group, a multi-sector conglomerate, said:
The ₹10,000 crore SME Growth Fund and the ₹2,000 crore top-up to the Self-Reliant India Fund clearly signal the governments intent to push MSME growth beyond the metros. Measures such as TReDS reforms, invoice discounting and new credit-guarantee support for MSME receivables will be especially helpful for manufacturers in Tier-II and Tier-III towns, where access to timely working capital remains a major issue.
The introduction of Corporate Mitras will ease compliance and accelerate formalisation for small units that are strong in operations but weak in paperwork. Along with the revival of industrial clusters and a sharper focus on emerging cities, this decentralised approach strengthens local manufacturing ecosystems and job creation. Overall, the Budget enables MSMEs in these regions to scale sustainably rather than stay dependent on metro-led growth.
