How the recently launched “India Aspiration Fund” is different from the “SMILE Fund”?
- While India Aspiration Fund is intended for funding start-ups in India, SMILE fund will provide soft loan to MSMEs
- Both India Aspiration Fund and SMILE fund will be managed by Small Industries development Bank of India (SIDBI)
Select the correct option from the codes given below:
SMILE Fund is a debt fund called SIDBI Make in India Loan for Enterprises (SMILE), which will provide soft term loans and loans in the nature of quasi-equity to MSMEs to meet debt-to-equity norms and pursue growth opportunities in existing MSMEs.
This question is a part of GKToday's Integrated IAS General Studies Module