Cabinet Approves ₹10,000 Crore Growth Fund For Indian Manufacturing SMEs

6 Oct 2026, 6:24 pm · 3h ago · 1 min read · YourStory

Amount

₹10,000 Cr

Lead

Government of India

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the establishment of a Rs 10,000 crore SME Growth Fund to provide growth equity to small and medium enterprises. Part of the Union Budget 2026-27 initiatives, the fund aims to address the structural shortage of expansion-stage equity capital for viable MSMEs across manufacturing, services, and strategic technology sectors. The patient capital is intended to build globally competitive Indian enterprises, with a majority of allocation directed toward small and medium manufacturing units and emerging industrial clusters in Tier-II and Tier-III regions nationwide.