SRI fund to encourage MSMEs in north east


Ministry of Micro, Small & Medium Enterprises on 04 May, 2023 has announced initiatives for Amplifying Business of NORTH EAST REGION through SRI FUND, FIRST OUTREACH PROGRAMME held at DIMAPUR, NAGALAND.

The Government of India, launched SRI Fund with an outlay corpus of Rs 10,006 crore, concentrated towards financing an infusion of capital to MSMEs through Daughter Funds. The SRI fund which is being managed by NVCFL, is an Alternative Investment Fund (AIF) providing growth capital to MSMEs through equity/quasi-equity/equity-like structured instruments.  As on 31st March 2023, the fund has made a capital commitment of Rs. 5,120 crore to 42 empaneled daughter funds.

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