Mr. Shachindra Nath, Founder and Managing Director at UGRO Capital.
“Union Budget 2026 delivers a structurally anchored, credit-led growth framework for MSMEs while maintaining fiscal discipline. Key initiatives such as the ₹10,000 crore SME Growth Fund, the ₹2,000 crore top-up to the Self-Reliant India Fund, mandatory routing of CPSE–MSME payments through TReDS, integration of GeM with TReDS, and the introduction of a dedicated credit guarantee for invoice discounting directly address long-standing gaps in MSME financing. The enabling of securitisation of TReDS receivables and the Corporate Mitras initiative further strengthen liquidity, risk sharing, and compliance readiness across the MSME ecosystem. Together with the restructuring of public sector NBFCs like PFC and REC, the Budget meaningfully re-engineers MSME credit delivery and enhances the role of NBFCs in supporting sustainable economic growth.”
