<h1>Union Budget Boosts MSMEs: Interest Relief, Pension Scheme for Traders, and Support for Artisans and Local Manufacturing.</h1> The Union Budget focuses on bolstering Micro, Small, and Medium Enterprises (MSMEs) to enhance the Make in India initiative. Key measures include a Rs. 350 crore allocation for an Interest Subvention Scheme, offering 2% interest relief on loans for GST-registered MSMEs, and a new pension scheme for three crore retail traders and small shopkeepers with turnovers under Rs. 1.5 crore. Additionally, 100 new clusters under SFURTI and 100 business incubators will be established to support artisans and entrepreneurs. The budget also proposes changes in customs duties to protect domestic industries and promote local manufacturing.