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Cabinet Approves SME Growth Fund
- 07 Oct 2026
On October 6, 2026, the Union Cabinet approved the Rs. 10,000 crore 'SME Growth Fund' to provide equity capital to small and medium enterprises.
Key Highlights
- Addressing Structural Gap: This ambitious fund is specifically designed to address the shortage of long-term risk capital for growth-oriented SMEs.
- Alternative Investment Fund: Under this unique initiative, the Government of India will provide a total commitment of Rs. 10,000 crore under the Alternative Investment Fund (AIF) framework.
- Manufacturing & Regional Focus: The majority of the fund's allocation will be directed toward manufacturing sector industries and industrial clusters in Tier-II and Tier-III cities.
- Global Competitiveness: Long-term equity capital will enable Indian SMEs to expand production capacity, adopt modern technology, and integrate into global value chains.
