Government launches Rs 10,000 crore SME Growth Fund to boost small businesses
- The Union Cabinet approved a Rs 10,000 Growth Fund for Small and Medium Enterprises.
- Finance Minister Nirmala Sitharaman stated it will significantly improve liquidity and risk capital access.
- Separately, the government allocated Rs 24,566.27 crore directly to the MSME ministry.
- This overall funding push aligns with government plans to build competitive champion MSMEs nationwide.
Source: economictimes.indiatimes.com
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