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October 2026
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Startup & MSMECabinet approves ₹10,000 crore Government commitment to SME Growth Fund for direct equity investment in small and medium enterprises
₹10,000 crore for SME equityNew facilityThe Union Cabinet on 6 October 2026 approved a Government of India commitment of ₹10,000 crore towards the SME Growth Fund (SGF), which is to provide growth equity capital to small and medium enterprises. The money goes to an Alternative Investment Fund set up under the SGF framework, and the majority allocation is to be made to small and medium manufacturing-focused enterprises. The release does not give eligibility conditions, a fund manager or a start date.
August 2026
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Startup & MSME₹62,500 crore Mobile Phone Manufacturing Scheme notified for FY 2026-27 to FY 2030-31: incentives of 2.25%–5% for manufacturers, 5% plus 3% for Indian brands
MPMS: ₹62,500 crore, 5 yearsNew facilityThe Ministry of Electronics and IT has notified the Mobile Phone Manufacturing Scheme with an outlay of ₹62,500 crore for FY 2026-27 to FY 2030-31. Target Segment 1 gives manufacturers an incentive of 2.25% to 5%; Target Segment 2 gives Indian brands 5% plus 3% for Indian design and R&D. Up to 1.5% more is available for domestic sourcing of key components.
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Income TaxCBDT FAQs on the Taxation and Other Laws (Amendment) Bill, 2026: electronics contract-manufacturing exemption to 2040-41, data centre conditions eased, new exemptions for rough diamonds
Six changes to the IT Act, 2025ClarifiedCBDT’s FAQs explain six proposals of the Taxation and Other Laws (Amendment) Bill, 2026 on the Income-tax Act, 2025: a ten-year extension of the exemption for foreign companies supplying capital goods to electronics contract manufacturers, easier data centre conditions, two new exemptions, dividend relief for unit holders of business trusts and five conditions instead of thirteen for offshore funds.
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