Self-Reliant India Fund to Be Topped Up in FY27
Finance Minister Nirmala Sitharaman announced a ₹4,000 crore top-up to the Self-Reliant India Fund in 2026-27, reinforcing the government’s focus on strengthening micro, small and medium enterprises.The Self-Reliant India Fund was announced in 2023 with an objective to infuse ₹50,000 crore as equity funding into MSMEs that demonstrate the potential and viability to scale into large enterprises.
Integrated Textile Programme Proposed in Budget
While presenting the Union Budget 2026-27, the finance minister proposed an integrated textile programme with five sub-parts. The initiative is expected to support the textile sector, which is facing pressure following steep 50 percent tariffs imposed by the United States.As part of the proposed framework, the budget speech outlined the following schemes:
- Natural Fibre Scheme
- Textile Expansion and Employment Scheme
- National Handloom and Handicraft Programme
TReDS to Be Mandatory for CPSE MSME Purchases
The budget also proposed making Trade Receivables Discounting System platforms mandatory for all purchases from MSMEs by central public sector enterprises.One of the key TReDS platforms is Receivables Exchange of India Ltd, which operates as a joint venture promoted by SIDBI and NSE.
Continued Focus on Tier 2 and Tier 3 Infrastructure
The finance minister further stated that the government will continue its efforts to develop infrastructure in Tier 2 and Tier 3 cities, underscoring a broader push for balanced regional growth alongside industrial and MSME expansion.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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