POLICY UPDATE

Union Government Announces New MSME Support Measures in Parliament

Key policy announcements aim to strengthen MSMEs through easier credit access, technology adoption and export promotion.

R. Karthik
By R. Karthik
Editorial Team, MSME Chamber of India
15 Oct 2026 5 min read
Parliament Support Measures

The Union Government has announced a series of new measures in Parliament aimed at strengthening the MSME sector, with a focus on improved credit access, technology adoption, skill development and enhanced export support.

The announcements come as part of the government's continued efforts to boost manufacturing, create employment and make Indian MSMEs more competitive in global markets.

"MSMEs are the backbone of India's growth story. The government remains committed to creating a more enabling environment for their success."

— Statement in Parliament

Key Announcements

1
Enhanced Credit Support: Measures to improve access to formal credit for MSMEs.
2
Technology Adoption: Incentives for digitalisation and advanced manufacturing technologies.
3
Export Promotion: Support for market access and participation in international trade fairs.
4
Skill Development: Focus on capacity building to enhance productivity and employability.
5
Ease of Compliance: Simplified processes and stronger grievance redressal mechanisms.

The MSME Chamber of India welcomes these announcements and looks forward to working with the government and other stakeholders to ensure effective implementation and maximum benefit for MSMEs across the country.

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