Expansion and Increase in Capacity of MSMEs: Centre

Under this scheme total size of fund of Rs50,000cr has a provision of Rs10,000cr from the Government of India and Rs40,000cr leverage through Private Equity / Venture Capital funds.

Jul 20, 2021 05:07 IST India Infoline News Service

Parliament
The Government of India has announced Fund of Funds with the nomenclature Self Reliant India (SRI) Fund to infuse Rs50,000cr as equity funding in those MSMEs which have the potential and viability to grow and become large units.

Under this scheme total size of the fund of Rs50,000cr has a provision of Rs10,000cr from the Government of India and Rs40,000cr leverage through Private Equity / Venture Capital funds.

The guidelines of the fund have been issued. This initiative is aimed at providing growth capital to the deserving and eligible units of the MSME sector.

This information was given by Minister for Micro. Small and Medium Enterprises Narayan Rane in a written reply in the Rajya Sabha on Monday.

Related Story

Open Free Demat Account (Rs699)