Mr. Ramesh Babu, MD & CEO of Karur Vysya Bank, said, ” The Union Budget 2026-27 lays out a forward-looking roadmap to strengthen inclusive economic growth. The continued focus on fiscal consolidation, including a reduction in the debt-to-GDP ratio, is expected to give banks greater flexibility to expand priority sector lending, supporting economic stability and balanced urban–rural development. Key measures for MSMEs, including the revival of legacy industrial clusters, additional capital infusion into the Self-Reliant India Fund, enhanced liquidity and transaction settlement facilities, and liquidity support through TREDS and the SME Growth Fund, are expected to boost credit absorption, encourage formalization, promote entrepreneurship, and sustain job creation.
The Budget also highlights inclusive technology adoption for farmers, women, and divyangjan, along with dedicated programmes to improve farmer incomes and promote rural entrepreneurship, strengthening the agricultural ecosystem. The introduction of Corporate Mitras, particularly in Tier-II and Tier-III cities, will help small enterprises navigate compliance and regulatory requirements more efficiently. We remain committed to facilitating credit flows and supporting enterprises across sectors, in line with our mission to drive inclusive growth and strengthen the financial ecosystem.”
