New Delhi, Jan. 22 -- The Union Cabinet, chaired by Prime Minister Narendra Modi, on January 21 approved two major decisions aimed at strengthening economic growth and social security-an equity support of Rs.5,000 crore to the Small Industries Development Bank of India (SIDBI) to boost credit flow to MSMEs, and the continuation of the Atal Pension Yojana (APY) with government support till FY 2030-31.

Under the first decision, the Cabinet approved the infusion of Rs.5,000 crore as equity capital into SIDBI by the Department of Financial Services in a phased manner. Of this, Rs.3,000 crore will be infused in FY 2025-26 at a book value of Rs.568.65 per share as on March 31, 2025, while the remaining Rs.2,000 crore will be provided in two tr...