The Union Cabinet, on Tuesday, approved the government's commitment of Rs 10,000 crore towards the establishment of the SME Growth Fund (SGF) aimed at catalysing growth-oriented capital for India's Small and Medium Enterprises (SMEs) and enabling the emergence of champion Indian enterprises across manufacturing, services, technology, innovation-driven sectors, and strategic value chains. Union Minister Nirmala Sitharaman announced it during Union Budget 2026-27 as part of the initiatives strengthening the MSME sector.
There are existing funds which provide equity support but majority of them focus on early-stage enterprises and cover majorly Micro enterprises.
