The Federation of Industry and Commerce of the North Eastern Region (FINER) praised the Union Budget 2026-27, calling it well-balanced and growth-oriented. They commended the government’s focus on reforms and fiscal discipline, highlighting the record capital expenditure of Rs 12.2 lakh crore for infrastructure and employment.
The budget’s emphasis on Micro, Small, and Medium Enterprises (MSMEs) was lauded by FINER, especially initiatives like Champion SMEs and the proposed Rs 10,000 crore SME growth fund. These measures are expected to enhance financial access and support the economy’s foundation.
Additionally, FINER welcomed the budget’s initiatives in manufacturing and technology, such as establishing Chemical Parks, expanding the India Semiconductor Mission (ISM 2.0), and promoting domestic manufacturing through duty exemptions. These steps are seen as vital for boosting manufacturing capacity and reducing imports.
The industry body also appreciated the budget’s support for sectors like textiles, handloom, handicrafts, and khadi, along with skilling programs like Samarth 2.0. They noted that these efforts would drive employment growth, particularly in rural and semi-urban areas, contributing to balanced regional development.
Measures focusing on tourism, urban infrastructure, high-speed rail corridors, and education-to-employment linkages were seen as positive steps for regional development. FINER highlighted the budget’s commitment to fiscal consolidation, debt reduction, and tax reforms, stating that it creates a favorable policy environment for sustainable economic growth.
