Binod Kumar, MD and CEO of Indian Bank, welcomed the Union Budget 2026–27, saying it represents a significant shift in MSME financing from balance sheet lending to a full-stack growth model.He highlighted initiatives such as the Rs 10,000 crore MSME Growth Fund, Corporate Mitra, and the Self-Reliant India Fund top-up, which will reduce long-term credit risk and improve governance. Kumar noted that these measures will boost supply chain financing, co-lending alliances, and credit availability, particularly for the manufacturing, textile, agri-related, and export-focused MSMEs.
He added that formalising traditionally informal sectors through textile parks, Khadi, and handicrafts will expand organised credit penetration. Indian Bank is positioned to leverage cluster-based lending, anchor-based supply chain financing, and digital credit delivery to support MSMEs in their growth journey from small businesses to national leaders.