The Self Reliant India Fund, known as SRI Fund, supports Micro, Small and Medium Enterprises (MSMEs) by providing equity funding to help them grow into large businesses. The total size of the fund is Rs. 50,000 crore, out of which Rs. 10,000 crore comes from the Government of India and Rs. 40,000 crore is mobilized from private equity and venture capital investors. The SRI Fund uses a mother-fund and daughter-fund model to invest in MSMEs through equity or quasi-equity instruments. It is managed by NSIC Venture Capital Fund Limited (NVCFL), a Category II Alternative Investment Fund (AIF) registered with the Securities and Exchange Board of India (SEBI). As of March 2025, the scheme has already invested about Rs. 10,979 crore in 577 MSMEs, showing strong progress in supporting India’s small businesses.
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