New Delhi, Oct. 6 -- The union Cabinet on Tuesday approved a Rs 10,000 crore government commitment for the SME Growth Fund (SGF), aimed at providing long-term capital to small and medium enterprises (SMEs) and helping them expand into globally competitive businesses.
The initiative is part of the measures announced in the union Budget 2026-27 to strengthen India's MSME ecosystem by improving access to equity, liquidity and professional support.
The government will commit Rs 10,000 crore to an Alternative Investment Fund (AIF) set up under the SGF framework. The fund will provide long-term equity capital to SMEs that have established business models and the potential to scale.
The scheme seeks to address a financing gap faced by businesse...