India, Oct. 7 -- The Union Cabinet has approved a Rs 10,000 crore government commitment towards the establishment of the SME Growth Fund (SGF), aimed at providing growth-stage equity capital to small and medium enterprises and supporting the emergence of globally competitive Indian companies.
The fund, announced as part of the Union Budget 2026-27, will provide direct equity investments through an Alternative Investment Fund (AIF) to growth-oriented SMEs across manufacturing, services, technology, innovation-led sectors and strategic value chains.
The initiative seeks to address the existing gap in long-term risk capital for small and medium enterprises, particularly those looking to scale operations, adopt advanced technologies, expand i...