Startup-relevant scheme · Ministry of MSME / Ministry of Finance (announced in Union Budget 2026-27)
SME Growth Fund
Budget 2026-27: ₹10,000 crore SME Growth Fund to give equity support to high-potential MSMEs that meet performance and growth benchmarks ('future champions'). Implementing agency and guidelines not yet public as of early Oct 2026.
- Amount
- Corpus ₹10,000 crore
- Type of support
- Equity
- Best for
- Growth / Scaling
- Who can apply
- MSMEs, Growth-stage startups
Announced on 1 February 2026, the SME Growth Fund will provide equity support to MSMEs that meet defined performance and growth benchmarks, to create 'future champions'.
Who can apply?
- MSMEs meeting performance and growth criteria to be notified in the scheme guidelines.
What do you get?
- Equity / growth capital from a ₹10,000 crore corpus (operating details to be notified).
How to apply
Not yet operational — implementing agency and guidelines had not been published as of early October 2026.
Objectives
Help high-potential MSMEs scale by incentivising them with growth capital based on select criteria.
Key links
- PIB Budget 2026-27 summary static.pib.gov.in
Deadlines, amounts and windows change. Check the official portal before you apply.
Related schemes
- FFSThe original ₹10,000 crore fund of funds is fully committed to 145 AIFs, which have invested ₹25,500+ crore in 1,370+ startups. Pitch those funds.Active
- FoF 2.0A new ₹10,000 crore fund of funds channeling capital through AIFs into deep tech, manufacturing and other priority startups.Open now
- AcEBIRAC fund of funds whose partner AIFs invest up to ₹7 crore equity (plus ₹3.5 crore follow-on) in scaling biotech startups.Active
- AgriSUREA ₹750 crore blended fund investing up to ₹25 crore per startup in agriculture and rural enterprises, plus incubation support.Open now