Industries, chamber of commerce welcome union budget

Kurubur Shanthakumar, president, State Sugarcane Cultivators Association. | Photo Credit: M.A. SRIRAM

The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, has evoked a mixed response with the industries welcoming it, while the farmers and left parties have said it was disappointing.

P. Vishwanath, president, Mysore Industries Association (MIA), and Suresh Kumar Jain, secretary, welcomed some of the measures proposed in the budget and said that it was growth-oriented. Term loans of ₹2 crore for SC/ST women entrepreneurs, an increase in credit guarantee cover for MSMEs from ₹5 crore to ₹10 crore, and the announcement of a customised credit card for MSMEs with ₹5 lakh limit are welcome measures that will have a positive bearing on entrepreneurs and MSME sector, according to MIA.