India Approves Rs 10,000‑Crore SME Growth Fund to Boost Manufacturing Startups

The Union Cabinet has approved a Rs 10,000‑crore SME Growth Fund aimed at strengthening small and medium enterprises in India. The fund will provide equity investments to growth‑driven manufacturing businesses that demonstrate strong viability and scalability. While the launch signals a significant policy push to support the manufacturing sector, the specific application process and eligibility criteria remain undisclosed. As a result, the fund’s effectiveness will hinge on how quickly and efficiently selected enterprises can expand using the capital. The initiative is expected to spur job creation and enhance the competitiveness of India’s manufacturing base, pending the rollout of application guidelines.