Cabinet clears Rs 10,000 Cr fund for SMEs; Why keeping kids off social media isn’t enough

Dear Reader, The Union Cabinet has approved a Rs 10,000 crore SME Growth Fund to provide long-term equity capital to small and medium enterprises, with a focus on manufacturing. The fund will support capacity expansion, technology adoption, exports and business growth, including for companies in Tier-II and Tier-III cities. The focus on strengthening manufacturing comes as companies also tap public markets to fund expansion.