Government unveils ₹10,000 crore SME Growth Fund for tier‑3 and tier‑4 cities

The central government announced the creation of a dedicated SME Growth Fund amounting to ₹10,000 crore. The initiative is designed to extend financial assistance beyond metropolitan hubs, targeting businesses in smaller urban and semi‑urban areas.

Policy makers argue that a broader geographical reach will enable micro, small and medium enterprises to expand operations, explore new markets and increase export capacity. The fund is expected to address long‑standing calls from the industry for more equitable support mechanisms.

Stakeholders view the allocation as a catalyst for scaling up local manufacturers, encouraging entrepreneurship, and ultimately contributing to the nation’s export growth targets.