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The Union Cabinet approved a government commitment of ₹10,000 crore on Tuesday to establish an SME Growth Fund that will make direct equity investments in small and medium enterprises.
The money goes to an Alternative Investment Fund set up under the SGF framework, which will then take stakes in companies. A majority of the allocation is directed at manufacturing-focused enterprises, with the remainder spread across services, technology, innovation-driven sectors and strategic value chains, including businesses in Tier II and Tier III cities.
The government says the fund addresses a gap in growth-stage equity. Existing schemes provide equity support but concentrate on early-stage and micro enterprises, leaving established small firms without a route to the capital needed to expand capacity, adopt new technology, enter export markets, make acquisitions or join global supply chains. The release describes the intention as supplying patient growth equity at critical points in a company's development.
7 reports filed for Tuesday 6 October 2026, compiled from company statements, registry filings and StartupFox reporting. Figures marked reported were not confirmed by the companies named.
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