India Cabinet Approves ₹10,000 Cr SME Fund For Manufacturing, Tech SMEs

The Union Cabinet approved a ₹10,000 Cr SME Growth Fund to provide growth capital to small and medium enterprises. Funds will flow through alternative investment funds into manufacturing, services and technology firms, including those in Tier II and Tier III cities.

• ₹10,000 Cr fund will invest in SMEs via alternative investment funds
• Majority of allocation targets manufacturing-focused enterprises
• Support covers services, technology and Tier II/III cities
• MSMEs account for 35.4% of manufacturing and 48.58% of exports