Noida: Entrepreneurs and industry representatives have strongly welcomed the Union Budget 2026, describing it as historic, impressive, and beneficial for all sections of society. The budget, presented on 1 February 2026, has been praised for its wide-ranging provisions aimed at entrepreneurs, traders, farmers, fishermen, workers, employees, students, women, and youth, reflecting a comprehensive and inclusive approach to national development.
Budget Presented for Ninth Time, Sets New Record
The Union Budget 2026 was presented in the Lok Sabha by Nirmala Sitharaman, marking the ninth time she has presented the budget and creating a new parliamentary record. Industry leaders noted that the budget reflects continuity in policy-making while introducing several forward-looking measures designed to strengthen India’s economy and social infrastructure.
Entrepreneurs Express Gratitude and Appreciation
Reacting to the budget, MSME Industrial Association Noida expressed heartfelt thanks and congratulations on behalf of entrepreneurs. Speaking for the association, its President Surendra Singh Nahta said that the budget is one of the finest presented so far and has been designed to ensure benefits reach every segment of society.
He stated that the government has made sincere efforts to provide relief through tax-related measures and sector-specific incentives, which will directly support business growth and employment generation.
Tax Relief and Policy Simplification
One of the key highlights of the budget is the provision of relief in tax determination and the announcement of a new, simplified tax policy framework effective from April 2026. According to industry representatives, this move will reduce complexity, improve compliance, and create a more predictable environment for businesses and individuals alike.
Boost for MSMEs and Entrepreneurs
The budget includes a significant allocation of ₹10,000 crore for the MSME sector, which has been welcomed as a major step toward strengthening small and medium enterprises. This provision is expected to enhance access to finance, support expansion, and improve the overall resilience of MSMEs, which are considered the backbone of the Indian economy.
Entrepreneurs believe that this support will translate into higher productivity, innovation, and job creation across urban and semi-urban areas.
Focus on Manufacturing and Traditional Industries
Special incentives for the leather industry have been announced to promote manufacturing and exports. Additionally, the budget places emphasis on increasing dry fruit cultivation and production, which is expected to benefit farmers and boost agricultural diversification.
Support for solar panels through special concessions has also been highlighted as an important step toward promoting renewable energy and reducing dependence on conventional power sources.
Healthcare and Education Measures
The budget has made provisions for the establishment of Ayurvedic educational institutions, strengthening traditional healthcare education and systems. Another major relief measure includes a reduction in prices of medicines used for cancer and diabetes, which is expected to ease the financial burden on patients and families.
In the education and social sectors, the construction of girls’ hostels, university townships, and new educational infrastructure has been proposed, aimed at improving access, safety, and quality of higher education.
Infrastructure and Connectivity Push
Infrastructure development continues to be a major focus of Budget 2026. The government has announced the construction of high-speed rail corridors, development of new waterways, and building of new roads to improve connectivity and logistics efficiency. These initiatives are expected to act as growth multipliers for trade, tourism, and regional development.
The budget also gives importance to the operation of electric buses, reinforcing the government’s commitment to sustainable and environment-friendly urban transport.
Urban Development and Social Inclusion
Urban development has received special attention through multiple initiatives aimed at improving living standards and civic infrastructure. Measures targeting women, youth, students, workers, and marginalized sections have been designed to ensure inclusive growth and social security.
A Budget for Every Section
Summing up the reaction, Surendra Singh Nahta said that the Union Budget 2026 is a “complete and visionary budget” that ensures benefits for entrepreneurs, traders, farmers, workers, students, women, and youth alike. He added that the wide range of provisions makes it clear that the government has attempted to address both economic growth and social welfare in a balanced manner.
Overall, industry leaders believe that the Union Budget 2026 lays a strong foundation for sustainable development and long-term prosperity, making it a landmark budget that empowers every section of society.
