Cabinet approves ₹50,000 cr equity infusion for MSMEs through Fund of Funds

Union Minister Nitin Gadkari on Monday said that the Cabinet has approved ₹50,000 crore equity infusion for Micro, Small and Medium Enterprises (MSMEs) through Fund of Funds. This has been done to help them grow and get listed on the stock exchange, said Gadkari. A ₹20,000 crore package for stressed MSMEs has also been approved by the Cabinet, he said.