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Union Cabinet approves ₹10,000 crore SME growth fund
Original: कैबिनेट
The Indian government has approved a ₹10,000 crore SME growth fund aimed at supporting small and medium enterprises. The scheme will also provide risk capital to small entrepreneurs, with reports asking who can benefit from the measure. The decision is drawing attention in India as a significant boost for smaller businesses seeking easier access to funding.
Why now: The Cabinet's approval of a major funding package for small businesses is fresh economic news affecting many entrepreneurs.
Government of IndiaCabinetSMEs
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