But govt destroyed MSME saar. Allocation for the scheme should have been higher, but govt is trying to remove all roadblocks on msme growth. Cheaper credit for exporter, deregulation, labour laws, mkt access, hand holding to utilise FTAs & here risky growth capital.
The SME Growth Fund, approved by the Union Cabinet today, infuses new energy into our vibrant small and medium enterprises through a direct equity investment of ₹10,000 crore.
It will accelerate Modi Ji’s vision of fortifying the sector by supporting its expansion, technology adoption, and entry into global markets to create more employment opportunities. Congratulations to everyone contributing to the growth of this vital sector.