Budget 2026 Expectations Live Updates: JSA Advocates calls for targeted support to create jobs and boost MSME growth

Legal and business experts emphasise increased capital expenditure, incentives for MSMEs, startups, manufacturing, and rural employment. “As a first step, a possible increase in capital expenditure by 11% to ₹11.11 lakh crore is very welcome. This will result in generating additional job opportunities, particularly in construction, transportation, and logistics. The MSME sector could do with more support to help create jobs—for example, providing easier access to finance at lower interest rates with fewer regulatory burdens. Schemes like the Pradhan Mantri MUDRA Yojana could have higher loan limits or reintroduce the Interest Equalisation Scheme. Similar logic applies to startups, who would benefit from tax breaks and incentives. The National Centres of Excellence for Skilling, National Apprenticeship Promotion Scheme, and Craftsman Training Scheme are also significant initiatives. With appropriate skills and apprenticeships, the fresh workforce becomes more employable across industries. Any development in infrastructure will help create jobs. Government allocations for industrial parks and public-private partnerships will be appreciated. For sectors to raise productivity, tourism, agri-processing, horticulture, and floriculture could consider additional allocations. For rural employment, additional allocations for MGNREGA may be considered,” said Sajai Singh, Partner, JSA Advocates & Solicitors. Read more