India has embarked upon the path of self reliant economic growth for achieving its aspiration of becoming an economic superpower. Towards this end, one of the initiatives taken by the Government of India is the launch of the Self Reliant India (SRI) Fund.
The Fund structure is designed in a manner that it will leverage the strength of the private sector in providing growth capital to viable MSMEs having a definite growth plan.
The Fund aims to provide capital support to the Daughters Funds for onward provision to MSMEs as growth capital, through equity, quasi-equity and debt to achieve the following:
Supporting faster growth of MSME businesses, thereby igniting the economy & creating several employment opportunities.
Supporting enterprises which have the potential to graduate beyond the MSME bracket and become National/ International champions.
Supporting MSMEs which will help make India self-reliant by producing relevant technologies, goods and services.
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