New Delhi, Oct. 6 -- Prime Minister Narendra Modi on Tuesday said the Cabinet's decision to establish a Rs 10,000 crore SME Growth Fund would give a major boost to the MSME sector by helping firms scale up, adopt advanced technologies and expand into global markets.

"Big boost for the MSME sector!" PM Modi said in a post on X, calling the decision "a major step towards creating the next generation of Indian business leaders."

"It offers the platform for SMEs to scale up, adopt advanced technologies, expand manufacturing, enter global markets and integrate with global value chains," the Prime Minister said.

The Union Cabinet earlier on Tuesday approved a government commitment of Rs 10,000 crore towards the SME Growth Fund, which will pr...