MSMEs Suggest Alternate Financing, TReDS Expanding In Pre-Budget Reccos To FM Sitharaman

Budget 2026: India's leading micro, small, and medium enterprises (MSMEs) bodies have highlighted alternate financing and enhancing the competitiveness in their pre-Budget recommendations to finance minister Nirmala Sitharaman for the upcoming Budget 2026, according to sources.

Sources told NDTV Profit that the MSMEs have pitched expanding the scope of the government's TReDs platform to benefit more number of MSMEs. TReDs is trade receivables discounting system, which is a platform for MSMEs to get immediate cash from unpaid invoices. The sector has also pitched for norms to boost e-commerce exports.

Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday, Nov. 10, kickstarted the pre-Budget consultations in New Delhi with a meeting of leading economists, marking the beginning of the Union Budget 2026-27 preparation exercise.

The meeting saw the participation of the Secretary, Department of Economic Affairs, the Chief Economic Adviser, and other senior officials from the Finance Ministry. During the session, economists shared their views on the current macroeconomic situation and offered suggestions to strengthen growth, investment, and fiscal management for Budget 2026.

The consultations are part of a series of pre-Budget meetings that the Finance Minister will hold with various stakeholders, including industry bodies, agriculture experts, financial sector representatives, and social sector groups, in the run-up to the presentation of the Union Budget 2026-27. These discussions are expected to focus on credit availability, ease of doing business, and steps to boost domestic production and exports.