Dr. Mohan Yadav discusses the expected benefits for small and medium enterprises (SMEs) following the Union Cabinet's approval of a ₹10,000 crore fund.
Madhya Pradesh Chief Minister Dr. Mohan Yadav has expressed his gratitude to Prime Minister Shri Narendra Modi for the Union Cabinet's approval of a ₹10,000 crore SME Growth Fund aimed at direct equity investment in small and medium enterprises (SMEs).
According to Dr. Yadav, this fund will empower SMEs by enabling them to expand their operations, adopt new technologies, increase production capacity, and penetrate international markets.
Moreover, investments in Tier-II and Tier-III cities are anticipated to significantly boost industrial growth, generate employment opportunities, and strengthen the overall economy. By fostering growth in these areas, the fund aims to contribute to balanced regional development across Madhya Pradesh.
Source:
MPInfo English News
