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Cabinet Approves SME Growth Fund and Logistics Authority in Major Decisions
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CNBC Awaaz•06-10-2026, 15:15
Cabinet Approves SME Growth Fund and Logistics Authority in Major Decisions
- •The Cabinet, chaired by Prime Minister Narendra Modi, approved two major decisions focused on logistics and business growth.
- •An Integrated Transport and Logistics Authority will be established to prepare India for future logistics challenges.
- •The Cabinet also approved a Rs 10,000 crore Small and Medium Enterprise Growth Fund to support business development.
- •Union Minister Ashwini Vaishnaw stated that the new Logistics Authority will formulate plans based on future transport needs.
Key Questions Answered
The Cabinet approved the establishment of an Integrated Transport and Logistics Authority and a Rs 10,000 crore Small and Medium Enterprise Growth Fund to support businesses and improve logistics.
The Logistics Authority will formulate plans based on future transport needs to ensure India is prepared in time for upcoming logistics-related challenges.
The Cabinet approved a dedicated Rs 10,000 crore Small and Medium Enterprise Growth Fund to focus on the growth and development of small and medium businesses.
