Budget 2026: MSMEs Seek Tax Relief, Credit Support for Growth

• Stakeholders urge government to prioritize manufacturing-led growth and MSME scaling in Budget 2026-27.
• Key demands include tax rationalization, lower capital costs, and measures to enhance trade competitiveness for MSMEs.
• PHDCCI and FISME highlight the need for capital support, production-linked incentives, and addressing high input costs.
• EY India suggests enhanced MSME support, digital payment promotion, and lower personal taxes to boost consumer sentiment.
• Concerns raised over inverted GST structures, lack of refunds on plant/machinery, and regulatory burdens hindering MSME growth.

Why It Matters: MSMEs and industry seek comprehensive support in Budget 2026 to boost manufacturing, exports, and job creation.