BBIA Seeks Extension Of NCSS-2021 Fiscal Incentives

10 Mar 2026 CW Team

The association highlighted that incentives have facilitated capital expenditure, adoption of new technologies and enhanced competitiveness for micro, small and medium enterprises across multiple sectors. It warned that sudden withdrawal would increase cost pressures, constrain cashflows and jeopardise ongoing projects, with potential knock on effects for vendors and employment. BBIA stressed the need for phased adjustments accompanied by clear timelines rather than abrupt policy reversals.

In its representation the organisation sought an extension of the support window, faster approvals for claims, simplified compliance procedures and broader eligibility for sectoral activities to ensure inclusive reach. It also requested regular monitoring, transparent disbursal mechanisms and adequate budgetary allocations to match demand during the extended period. The body underlined that these steps would improve policy predictability and foster long term investment decisions. Leaders urged that any transition should preserve ongoing projects and commitments.

Officials in the ministry are said to be studying the recommendations and engaging with industry stakeholders to assess implications for public finances and programme objectives. BBIA has indicated that it will continue consultations with state authorities and industry partners while preparing detailed implementation proposals. The association expects that an extension would protect jobs, sustain capital investment and support a stronger recovery trajectory.

BBIA has urged the central government to extend fiscal incentives under NCSS-2021 beyond March 2026 to preserve gains made by small and medium enterprises. The body said the scheme has supported investment in capacity, modernisation and working capital and has played a role in sustaining jobs across supply chains. It argued that continuity of the incentives is essential to prevent disruption to planned expansions and to maintain investor confidence in domestic manufacturing. The association emphasised that support has been critical for local supply chains. The association highlighted that incentives have facilitated capital expenditure, adoption of new technologies and enhanced competitiveness for micro, small and medium enterprises across multiple sectors. It warned that sudden withdrawal would increase cost pressures, constrain cashflows and jeopardise ongoing projects, with potential knock on effects for vendors and employment. BBIA stressed the need for phased adjustments accompanied by clear timelines rather than abrupt policy reversals. In its representation the organisation sought an extension of the support window, faster approvals for claims, simplified compliance procedures and broader eligibility for sectoral activities to ensure inclusive reach. It also requested regular monitoring, transparent disbursal mechanisms and adequate budgetary allocations to match demand during the extended period. The body underlined that these steps would improve policy predictability and foster long term investment decisions. Leaders urged that any transition should preserve ongoing projects and commitments. Officials in the ministry are said to be studying the recommendations and engaging with industry stakeholders to assess implications for public finances and programme objectives. BBIA has indicated that it will continue consultations with state authorities and industry partners while preparing detailed implementation proposals. The association expects that an extension would protect jobs, sustain capital investment and support a stronger recovery trajectory.

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