Self Reliant India Fund

 Self Reliant India Fund

• As part of the Aatmanirbhar Bharat package, the Indian government announced a Rs. 50,000 crore Equity Infusion for Micro, Small, and Medium Enterprises (MSMEs) through the Fund of Funds. 
• The initiative aims to provide equity funding to viable and promising MSMEs to help them grow and become larger units.
• The Self-Reliant India (SRI) Fund has been established, with Rs. 10,000 crores contributed by the Government of India and Rs. 40,000 crores from Private Equity and Venture Capital funds.
• The SRI Fund operates through a mother-fund and daughter-fund structure for equity or quasi-equity investments. 
• The NSIC Venture Capital Fund Limited (NVCFL) is registered as the Mother Fund under the SRI Fund implementation

Other Schemes for MSME Sector

• Champions 2.0 portal, 
• MSME Champions Scheme for financial assistance, 
• Budgetary support to Credit Guarantee Fund Trust for Micro & Small Enterprises, and 
• “Raising and Accelerating MSME Performance (RAMP)” program

Practice Questions for Prelims

Consider the following statements:
1. Self Reliant India Fund has been funded solely by Government of India.
2. The initiative aims to provide equity funding to viable and promising MSMEs to help them grow and become larger units.

Which of the above given statements is/are not correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2

Ans. a)

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