PM Modi hails SME Growth Fund as big boost for MSMEs, says ITLA will spur growth

October 6, 2026 10:27 PM

PM Modi hails SME Growth Fund as big boost for MSMEs, says ITLA will spur growth

Prime Minister Narendra Modi on Tuesday described the Cabinet’s approval of the ₹10,000 crore SME Growth Fund as a major boost for the MSME sector and said it would help create the next generation of Indian business leaders. He also highlighted the Cabinet approval for setting up the Integrated Transport & Logistics Authority (ITLA), saying greater coordination, data-led planning and multimodal integration across the transport ecosystem would have a wide-ranging impact on India’s growt...

Cabinet approves Rs 10,000 crore commitment for SME Growth Fund

October 6, 2026 4:08 PM

Cabinet approves Rs 10,000 crore commitment for SME Growth Fund

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved a government commitment of ₹10,000 crore towards establishing the SME Growth Fund to provide direct equity investments in small and medium enterprises and help them grow into globally competitive companies. Announced in the Union Budget 2026–27, the fund aims to mobilise growth-oriented capital for enterprises across manufacturing, services, technology, innovation-driven sectors and strategic value chains. It fo...