Cabinet approves Rs 10,000 Cr SME growth fund to boost manufacturing

The government on Tuesday committed Rs 10,000 crore to establish an SME Growth Fund (SGF) for direct equity investments in Small and Medium Enterprises. The decision was taken at the Union Cabinet meeting chaired by Prime Minister Narendra Modi. The Cabinet approved the government commitment of Rs 10,000 crore to establish SGF to catalyse growth-oriented capital for SMEs and create champion Indian enterprises across manufacturing, services, technology, innovation-driven sectors, and strategic va