Cabinet approves Rs 10,000 crore SME Growth Fund for small and medium enterprises
- Posted on October 6, 2026
- By Business News Today
- 1 Views
- 1 min read
In brief
India's government has unveiled a significant financial initiative allocating Rs 10,000 crore specifically designed to accelerate growth in the micro, small, and medium enterprise sector. This strategic investment, coupled with an additional Rs 24,566.27 crore budget allocation, aims to strengthen liquidity channels and enhance access to venture capital for emerging businesses. The policy focuses on developing champion-level MSMEs capable of competing globally while fostering entrepreneurship and economic expansion across India.
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Cabinet approves Rs 10,000 crore SME Growth Fund for small and medium enterprises
The Union Cabinet approved a Rs 10,000 crore SME Growth Fund to support micro, small, and medium enterprises. This fund is part of the government's initiative to create champion MSMEs in India. Finance Minister Nirmala Sitharaman outlined various measures to enhance liquidity support and accessibility to risk capital. Additionally, the government allocated Rs 24,566.27 crore to the Ministry of Micro, Small and Medium Enterprises.
