Economy Reports News Details

Cabinet approves GoI's commitment to Rs.10,000 crore towards establishment of SME Growth Fund

(06-Oct-26   16:59)

The Union Cabinet has authorized the Government of India’s pledge of Rs.10,000 crore for the creation of the Small and Medium Enterprises Growth Fund (SGF), designed to stimulate growth-focused capital for India's Small and Medium Enterprises (SMEs) and facilitate the development of leading Indian enterprises across manufacturing, services, technology, innovation-driven sectors, and strategic value chains, consistent with Para 28 of Union Budget 2026-27. This action forms a component of the comprehensive series of announcements detailed in Union Budget 2026-27, concentrating on delivering equity, liquidity, and professional support to the broader MSME ecosystem.