Centre set to back SME expansion with ₹10,000 crore fund
What Happened
The Union Cabinet is likely to approve a ₹10,000-crore SME Growth Fund aimed at improving access to capital for small and medium enterprises. The proposed fund is expected to support business expansion, innovation, technology adoption and job creation, while addressing financing gaps faced by growing SMEs.
Key Takeaways
If approved, the fund would mark a significant push to strengthen India's SME ecosystem, helping promising businesses scale up and contribute more to economic growth, exports and employment generation.