Cabinet clears Rs 10,000 crore fund to support small, medium enterprises
The Union Cabinet approved a Rs 10,000 crore Small and Medium Enterprise Growth Fund to provide equity support to SMEs. Announced in the 2026-27 Union Budget, the fund targets small and medium manufacturing enterprises, especially in Tier-II and Tier-III cities. This initiative aims to fill the gap in long-term risk capital for SMEs seeking to scale and innovate.