Top 10 Best Private Banks in India List 2025
January 09, 2025
Union Budget 2026-2027 will be presented on February 1, 2026, in Parliament. Finance Minister Nirmala Sitharaman will deliver the budget speech, outlining the government’s financial plans for the year 2026-2027.
The focus of this year’s budget is expected to remain sharply on financial markets, lending rates, housing finance, personal loans, and credit availability. Borrowers, banks, and NBFCs are closely tracking announcements related to taxes, home loans, EMIs, credit cards, and infrastructure-linked financing.
As the speech progresses, clarity is emerging on how Budget 2026-2027 aims to manage borrowing costs while supporting growth.
Key Highlights Table
| Parameters | 2025-26 | 2026-2027 (Expected) |
| Credit Cards | Customised credit cards for micro enterprises with a limit of ₹5 lakh | Expands formal credit access for small businesses |
| MSME Loans | Credit guarantee cover doubled for MSMEs from ₹5 crore to ₹10 crore | Easier loan approval and lower lender risk |
| Startup Loans | Credit guarantee for startups increased from ₹10 crore to ₹20 crore | Improving fund access for early-stage firms |
| Banks & NBFCs | Liquidity support and institutional credit services via India Post rural hubs | Strengthens last-mile banking and loan servicing |
| Consumer Credit | PM SVANidhi revamped with enhanced bank loans and UPI-linked credit cards | Expands micro-credit for street vendors |
Frequently Asked Questions (FAQs)
What was announced for credit cards in the Union Budget 2025–26?
The government introduced customised credit cards for micro enterprises registered on the Udyam portal, with a credit limit of ₹5 lakh. Around 10 lakh such cards were planned to be issued in the first year.
How did the budget support MSME and small business loans?
The credit guarantee cover for MSMEs was doubled from ₹5 crore to ₹10 crore. For startups, the guarantee limit was increased from ₹10 crore to ₹20 crore, making it easier for banks and NBFCs to lend.
Were there any new loan schemes for first-time borrowers?
Yes. A new scheme was announced to provide term loans up to ₹2 crore for first-time entrepreneurs, including women and SC/ST borrowers, over the next five years.
How did Union Budget 2025–26 address banking and lending infrastructure?
The government announced a revamped Central KYC Registry, liquidity support through institutional channels, and a Partial Credit Enhancement Facility via NaBFID to support infrastructure and long-term lending.
