Rs 10,000 crore for small businesses: Who can benefit from India's new SME Growth Fund?

The Union Cabinet has greenlit a substantial Rs 10,000-crore SME Growth Fund dedicated to bolstering small and medium enterprises. This initiative focuses on equity investments in growth-driven manufacturing businesses that demonstrate strong viability and scalability. While the fund's launch is promising, the specifics of how to apply are still under wraps, making its successful impact contingent on the effective expansion of the chosen enterprises.