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Home News Business

Budget 2025 Brings Big Reforms for MSMEs Sector

Deepa Sharma by Deepa Sharma
February 2, 2025

The Union Budget 2025 introduces updated plans for Micro Small and Medium Enterprises (MSMEs), which are vital to India’s economy and growth.

In the budget 2025 speech in parliament, FM Nirmala Sitharaman “To help MSMEs achieve higher efficiencies of scale, technological upgradation, and better access to capital, the investment and turnover limits for a classification of all MSMEs will be enhanced to 2.5 and 2 times respectively. This will give them the confidence to grow and generate employment for our youth.”

Upgraded Credit Facility

In the Budget 2025, the government is making it easier for MSMEs to avail of credit facilities. They have improved the Credit Guarantee Scheme, which is crucial for MSMEs to secure funding. This will allow businesses to invest in their growth and new ideas.

For Micro and Small Enterprises, credit guarantee cover has doubled from INR 5 crore to INR 10 crore, allowing additional credit of 1.5 lakh crore in the next 5 years.

For startups, the guarantee fee is from 10 crores to 20 crores, with the guarantee fee being moderated to 1% for loans in 27 focus sectors important for Atmanirbhar Bharat.

For well-run exporter MSMEs, term loans up to 20 crore.

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A new credit card facility for micro-category enterprises has been announced in the budget 2025. This credit card comes with 5 lacs INR rupees credit, and enterprises that are registered under the UDYAM portal can avail of this facility. (Note: In the first year, Only 10 lakh such cards will be issued)

Export Promotion Mission

Budget 2025 announced the Export Promotion Mission, this mission will help businesses get better access to export credit and support MSMEs. The Ministries of Commerce, MSME, and Finance will run it.

The government will create Bharat Trade Net (BTN) to make exporting easier for businesses. This digital system will help with trade documents and financing requirements. Also, the rules for exporting handicrafts have been relaxed. Now, handicraft exporters will have one year instead of six months to export their handicrafts.

Mr. Saurav Ghosh, Co-founder, Jiraaf “It is encouraging to see the government focus on MSMEs as an engine of growth. We hope to see private capex pick up from the prudence that the government has maintained on the policy front. The repositioning India post as a core logistics player can also help connect remote destinations and speed up growth.”

Hitesh Garg, VP, and India Managing Director, NXP Semiconductors “The government’s ₹20,000 crore investment in private sector-led R&D, alongside the Deep Tech Fund, is a strategic move to strengthen India’s leadership in AI, semiconductors, and next-gen manufacturing. The ₹10,000 crore Fund of Funds for startups and enhanced SME/MSME credit facilities will continue to encourage entrepreneurship across the board, and in technology- led innovation, in particular. This, combined with existing policy-driven support for clean energy, will have a far-reaching impact on industries like semiconductors and automotive, accelerating EV adoption, enhancing chip design capabilities, and fostering broader technology advancements. The initiatives around lithium-ion batteries and other components that go into Electric Vehicles will drive up local innovation and manufacture not just of the finished product but also spur the development of a much-needed manufacturing ecosystem.“

Also Read: Can AI Truly Transform the Developer Experience?

Deepa Sharma

Deepa Sharma

Deepa Sharma is CXOVoice’s Managing Editor, overseeing all coverage technology, cybersecurity, banking, and financial coverage. She can be reached at [email protected]

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