ENA MSME 2022-09-05 07:57:30 <p><span style="font-size:14px"><strong>Ahmedabad, Sept 5 (KNN)</strong> So far 88 Micro, Small and Medium Enterprises (MSMEs) have received funding of 1,600 crore through the Self-Reliant India Fund (or SRI Fund) launched by Government of India.</span></p> <p><span style="font-size:14px">This information was given by BB Swain, Secretary at Ministry of MSME last week while addressing a MSME Conclave at Gujarat University.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">The government aims to invest Rs 50,000 crore and in its very first funding 25 empanelled Private Equity firms have funded about 88 MSMEs, he said.</span></p> <p><span style="font-size:14px">SRI fund is implemented by a special purpose vehicle, NSIC Venture Capital Fund Limited, which is a 100 per cent subsidiary of National Small Industries Corporation, a mini-Ratna under the ministry.</span></p> <p><span style="font-size:14px">The government is the sole anchor investor in SRI fund with the initial budgetary support of Rs 10,000 crore as the mother fund, while the rest is expected to come from daughter funds that will raise capital from outside sources such as banks, financial institutions, private equities and venture capital investors. <strong>(</strong><em><strong>KNN Bureau)</strong></em></span></p> 30422 https://knnindia.co.in/news/newsdetails/msme/88-msmes-provided-rs-1600-cr-aid-under-self-reliant-india-fund 2022-09-05 07:57:30 knnindia.co.in