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SME Growth Fund (SGF)
The SME Growth Fund (SGF) is a government-backed equity vehicle that puts long-term risk capital straight into small and medium enterprises able to grow into sector leaders. On 6 October 2026 the Union Cabinet cleared the Centre's ₹10,000 crore commitment to it, turning a Union Budget 2026-27 promise into an approved fund.
Last updated 6 October 20263 min read
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Introduces the Cabinet-approved ₹10,000 crore SME Growth Fund: direct equity through an AIF for scalable SMEs, mostly manufacturers, and how it differs from Startup India FoF 2.0.
- SME Growth Fund
- SGF
- MSME
- equity capital
- Alternative Investment Fund
- Union Budget 2026-27
- Champion MSMEs
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