SRI Fund

The Government of India has announced the Fund of Funds in 2020 and launched an equity support as Self Reliant India (SRI) Fund. The SRI fund has the provision of Rs.10,000 crore from Government of India and Rs.40,000 crore through Private Equity / Venture Capital Funds. In totality, it will create a provision of Rs. 50,000 crore equity supports to MSMEs, who have the potential and viability to grow and become large units.
SRI Fund is being implemented by NSIC Venture Capital fund Limited (NVCFL), which is an Alternative Investment Fund (AIF) of Category II registered with SEBI. SRI fund is oriented to provide the funding support through NVCFL to the Daughter Funds for onward provision to MSMEs as growth capital, in the form of equity or quasi- equity, for the following:
i. Enhancing equity/equity like financing to MSMEs and listing of MSMEs on Stock’s Exchanges.
ii. Supporting faster growth of MSME Businesses and thereby ignite the economy and create employment opportunities.
iii. Supporting enterprises which have the potential to graduate beyond the MASME bracket and become National/International Champions.
iv. Supporting MSSMEs which help making India self-reliant by producing relevant technologies, goods and services.
To know more about the detailed guidelines, check out: