Report
India’s Cabinet approves ₹10,000 crore SME Growth Fund
The Economic Times reports that most of the fund’s allocation will go to manufacturing-focused businesses.
TLDR
The Economic Times reports that India’s Union Cabinet approved the ₹10,000 crore SME Growth Fund as part of its “Creating Champion MSMEs” strategy. The fund is intended to provide long-term equity capital to viable small and medium enterprises that can scale. Most of its allocation will go to manufacturing-focused businesses, with support also planned for services, technology and innovation-driven sectors.
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