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Shri Narayan Rane calls for concerted efforts to enhance growth of MSME sector NVCFL secures regulatory approvals and signs the Contribution Agreement Union Minister for MSMEs Shri Narayan Rane has exhorted the officers of MSME Ministry to brace up for enhancing the output of MSME sector. The Minister categorically said that he would like to see a quantum jump in the performance of this sector, for which all segments of the Ministry will have to work in tandem. He called for increased spen
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FAQ :
The Union Minister for MSMEs, Shri Narayan Rane, wants to see a significant increase in the growth and output of the MSME sector through concerted efforts from all parts of the Ministry.
The MSME sector has the potential to achieve a quantum jump in India's exports, which can lead to a higher GDP.
The SRI Fund is a Fund of Funds for MSMEs, created under the Atmanirbhar Bharat package to help MSMEs secure growth capital through equity, quasi-equity, and debt.
NSIC Venture Capital Fund Limited (NVCFL) was incorporated to anchor the SRI Fund, and SBICAP Ventures Limited (SVL) has been appointed as the Investment Manager.
The Private Placement Memorandum filed by NVCFL to register the SRI Fund was registered by SEBI on 1st September 2021.
The target corpus for the Self-Reliant India Fund (SRI Fund) is Rs 10,006 crore.
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