The PHD Chamber of Commerce and Industry (PHDCCI) has submitted its pre-budget wishlist to the Finance Minister, specifically targeting the high cost of credit. The industry body has proposed a 2% interest subsidy on all new and incremental loans for MSMEs to boost manufacturing and global competitiveness. Additionally, they have urged the government to increase the MUDRA loan limits—proposing a rise in Shishu loans to ₹1 lakh and Tarun loans to ₹20 lakh—to align with current inflation and business needs.