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India · Updated 6 Oct, 06:24 pm IST

Cabinet approves ₹10,000 Cr SME Growth Fund to back manufacturing and tech SMEs

Image: Inc42

Why it matters for readers: Shows the government is backing Indian SMEs to become larger and more competitive internationally.

  • The Union Cabinet approved the ₹10,000 crore SME Growth Fund announced in Budget 2026–27.1
  • The SGF will channel the government's commitment through alternative investment funds (AIFs) which will make direct equity investments in SMEs.12
  • Most of the fund allocation will target manufacturing-focused SMEs, while also backing services, technology and innovation-driven sectors.1
  • The fund aims to fill a growth-capital gap by providing equity and liquidity to help promising Indian SMEs scale and enter international supply chains.1
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How this story developed

  1. 6 Oct, 04:47 pm · Inc42

    Cabinet Clears ₹10,000 Cr SME Fund To Back Manufacturing, Tech Focused SMEs

  2. 6 Oct, 06:24 pm · YourStory

    Cabinet approves Rs 10,000 Cr SME growth fund to boost manufacturing