# India's SME Growth Fund Boosts Global Competitiveness

> India's new ₹10,000 crore SME Growth Fund aims to create globally competitive businesses by funding expansion and innovation.
- Title: India's SME Growth Fund Boosts Global Competitiveness · mint
- Summary: India's new ₹10,000 crore SME Growth Fund aims to create globally competitive businesses by funding expansion and innovation. India's ₹10,000 crore SME…
- Keywords: india, sme growth fund, small and medium enterprises, exports, global value chains, manufacturing, trade, union cabinet, news, India's, SME, Growth
- Source: mint — https://livemint.com/opinion/online-views/chandrajit-banerjee-how-india-s-sme-growth-fund-could-create-globally-competitive-businesses-11791716479361.html
- Author: Chandrajit Banerjee
- Published: 2026-10-12T06:30:17+00:00
- Read time: 1 min
- Topics: india, sme growth fund, small and medium enterprises, exports, global value chains, manufacturing, trade, union cabinet, news
## India's SME Growth Fund
The Union Cabinet approved a ₹10,000 crore SME Growth Fund to support enterprise expansion.
## SMEs Drive Economic Growth
SMEs contribute 35.4% of manufacturing output, 48.6% of exports, and 31.1% of GDP.
## SMEs Boost Exports
SMEs account for over 70% of MSME exports and link local production to global markets.
## Equity Funding for Growth
The fund provides patient equity capital for SMEs to expand capacity, invest in technology, and enter new markets.
## Addressing the Missing Middle
The fund targets the 'missing middle' by helping SMEs transition to globally competitive enterprises.
## Global Trade Challenges
Disruptions in West Asia affect trade routes, shipping costs, and supply chains for export-oriented SMEs.
## Implementation Focus
The fund requires a clear operational framework and pipeline of eligible enterprises for effective implementation.
## Key takeaway

India's ₹10,000 crore SME Growth Fund provides patient equity to help SMEs scale operations, integrate into global value chains, and boost exports.