Sitharaman Announces Rs 10,000-Crore Fund for MSMEs to Create 'SME Champions'
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Moneycontrol•01-02-2026, 14:06
Sitharaman Announces Rs 10,000-Crore Fund for MSMEs to Create 'SME Champions'
- •Union Minister Nirmala Sitharaman announced a Rs 10,000-crore growth fund for Micro, Small, and Medium Enterprises (MSMEs).
- •The initiative aims to create "SME champions" with professional support from a cadre of "corporate mitras."
- •The government will provide liquidity support and top up the Self-Reliance India fund with Rs 2,000 crore.
- •Easier credit access for MSMEs is also a proposed step to boost the sector.
- •Seven strategic sectors have been identified to scale up manufacturing in the country.
Why It Matters: Government allocates Rs 10,000 crore to boost MSMEs, aiming for 'SME champions' and easier credit.
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