Union Cabinet approves ₹10,000-cr SME growth fund to boost manufacturing
The Union Cabinet approved a ₹10,000 crore fund to support small and medium enterprises (SMEs) on October 6, 2026. This initiative, first introduced in the Union Budget 2026 by Finance Minister Nirmala Sitharaman, aims to incentivize manufacturing enterprises based on specific criteria. The fund is expected to enhance the growth of the SME sector in India.