Q9 · UPSC current affairs · 7 October 2026 · PIB · SME Growth Fund MSME Equity Capital

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Consider the following statements about the SME Growth Fund:1.The Union Cabinet approved a central commitment of Rs 10,000 crore to establish the fund.2.The fund specifically targets early-stage Micro units rather than growth-stage Small and Medium Enterprises.Which of the statements given above is/are correct?

A Neither 1 nor 2
B 2 only
C 1 only
D Both 1 and 2

Correct answer: (c) 1 only

Explanation

Statement 1 is correct as the Union Cabinet approved a Rs 10,000 crore central commitment for the SME Growth Fund. Statement 2 is incorrect because the fund specifically targets growth-stage Small and Medium Enterprises rather than early-stage Micro units.

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