By:- Mr. Rohit Mahajan, Founder and Managing Partner, plutos ONE

The Union Budget 2026 is a decisive step in India’s journey towards becoming a Viksit Bharat, with a strong, execution-led focus on SMEs, MSMEs, skill development, and travel-driven demand creation. The Finance Minister, Nirmala Sitharaman, has clearly shifted the narrative from short-term relief to long-term competitiveness and scale. The announcement of a ₹10,000 crore MSME Growth Fund is a landmark move, aimed at building tariff-resilient, export-ready enterprises rather than subsidy-dependent businesses. This will enable high-potential MSMEs to invest in technology, productivity enhancement, and global market access—key pillars for India’s manufacturing and export ambitions.

Equally transformative is the integration of GeM with TReDS and the move to make TReDS receivables tradable through asset-backed securities. This structural reform directly addresses the long-standing working capital challenges of MSMEs by converting invoices and receivables into bankable, market-linked assets, thereby lowering the cost of capital and improving liquidity.

In this context, Plutos ONE is actively working with Bharat Connect to enable Bharat Connect for Business, focused on invoice-based lending solutions for MSMEs and SMEs. By leveraging digital rails and receivables-based financing, such initiatives align seamlessly with the Budget’s vision of formalisation, credit deepening, and sustainable growth. Overall, Budget 2026 lays a strong foundation for self-reliance, exports, and inclusive economic expansion.

By:- Mr. Mukesh Pandey, Director of Rupyaa Paisa

The proposal to revive 2,000 industry clusters alongside the creation of a ₹10,000 crore MSME growth fund is a strong signal of the government’s intent to strengthen India’s entrepreneurial backbone. Industry clusters play a critical role in improving productivity, enabling shared infrastructure, and fostering local employment, while dedicated growth capital can help MSMEs scale operations and adopt technology. This combined approach addresses both structural and financial challenges faced by small businesses. If implemented effectively, the initiative can enhance competitiveness, formalisation, and credit access for MSMEs, while driving sustainable economic growth and supporting India’s broader manufacturing and employment objectives.