India’s Union Cabinet approved a government commitment of 10,000 crore rupees towards an SME Growth Fund on 6 October, according to a Press Information Bureau release.
The planned fund is intended to support small and medium enterprises through equity investment. The government identified manufacturing, services, technology and innovation-driven businesses among the areas it wants to support. The announcement follows a proposal in the Union Budget for 2026–27.
The release describes the measure as part of wider support for the enterprise sector, including capital and professional assistance. Cabinet approval is a policy decision, rather than evidence that every intended business has already received funding. Readers considering the programme should use its official implementation and eligibility information when available; this brief is a report of the announcement.