MSMEs: The Backbone of India’s Economy — Features, Benefits & Their Growing Impact
Micro, Small, and Medium Enterprises (MSMEs) are very important for India’s economy. They help in making money, selling goods to other countries, and giving jobs to people. The government updates the rules for MSMEs from time to time so that businesses can get benefits like easy loans, discounts, and tax savings. In the 2025 budget, Finance Minister Nirmala Sitharaman changed the MSME rules. Now, businesses can invest 2.5 times more money, and the sales limit is also doubled. This change will help small businesses grow, try new ideas, and succeed. The Union Budget 2025–26 brings new plans to support small businesses (MSMEs) because they are important for India’s growth, just like farming, investment, and exports. The rules for what counts as an MSME have changed, allowing more businesses to qualify. Small businesses will find it easier to get loans because the government is increasing loan protection. A special program will help first-time business owners from weaker backgrounds with m...