Cabinet Approves Integrated Transport and Logistics Authority in India
The Union Cabinet has approved a ₹10,000 crore SME Growth Fund to provide equity capital to small and medium enterprises (SMEs) in India. This fund aims to address the financing gap for growth-stage SMEs, which are crucial to the economy, contributing approximately 35.4% of manufacturing and 48.6% of exports. The fund will focus on sectors including manufacturing, technology, and innovation, and is expected to help SMEs scale operations, adopt advanced technologies, and enter international markets. This initiative is part of the measures announced in the Union Budget 2026-27 to strengthen the MSME ecosystem. The government anticipates that the fund will foster the emergence of competitive Indian enterprises capable of thriving in global markets.
Published 13 hours ago • 06 Oct 2026, 05:31 PM IST