As the union budget 2025 approaches, India’s microenterprise sector is looking forward to policy measures that improve access to finance, ease compliance burdens and create a more supportive business environment. constituting more than 98.5 per cent of the MSME sector, experts believe that they are crucial in addressing the pressing issue of unemployment, especially in rural and semi-urban areas.

To achieve India’s Atmanirbhar Bharat vision and the goal of a USD 5 trillion economy, India needs a separate policy focus and budgetary allocation to ensure a dynamic, efficient and productive micro-enterprise sector, promoting employment and sustainability. “One of the key concerns for microentrepreneurs is access to timely and adequate credit,” said Lakshmi Venkatesan Venkataraman, Founding and Managing Trustee, Bharatiya Yuva Shakti Trust. ..read more