New Delhi, Feb. 1 -- Union Finance Minister Nirmala Sitharaman on Sunday declared that the Self-Reliant India Fund would receive an additional Rs.4,000 crore in fiscal year 2026-27 to bolster micro, small, and medium enterprises (MSMEs).

Initially launched in 2023, this fund was designed to provide Rs.50,000 crore in equity capital to MSMEs demonstrating the capacity and stability to scale into major corporations.

During the 2026-27 Union Budget presentation, the finance minister further introduced a comprehensive textile initiative featuring five specialized components. This strategy aims to revitalize a sector currently struggling under the weight of aggressive 50 percent tariffs implemented by the United States.

In her address, she ...