New Delhi, December 07: As per the Self Reliant India (SRI) Fund guidelines, MSMEs, defined as per the MSMED Act, as amended from time to time, are eligible for consideration.
The equity support is provided to all existing and interested MSMEs which, after assessment, are found viable, whose growth trajectory is positive and who have a defined business plan for growth indicating positive funds flow.
For Private Equity, as of now 46 Daughter Funds (Private Equity/Venture Capital Funds) have been empanelled by NSIC Venture Capital Fund Ltd. (NVCFL) under SRI Fund. As a part of Aatmanirbhar Bharat package, Rs 50,000 crore Equity infusions for MSMEs through Fund of Funds was announced.
Under this Fund of Rs. 50,000 crore, there is a provision of Rs.10,000 Crore from the Government of India and Rs.40,000 Crore through Private Equity and Venture Capital funds. Since inception, Rs. 6,200 crore has been infused till 25.11.2023.
This information was given by the Minister of State for Micro Small and Medium Enterprises, Shri Bhanu Pratap Singh Verma in a written reply to the Lok Sabha.
