SRI Fund Supported Employment For Over 25K People; 20% Are Women: Narayan Rane

Self-Reliant India (SRI) Fund, a Rs 10,000 crore alternative investment fund, set up under the Centre's Atmanirbhar Bharat initiative


Self-Reliant India (SRI) Fund so far has supported employment for more than 25,000 people, out of which, 20 per cent are women, said micro, small and medium enterprises (MSME) minister Narayan Rane.

Rane said that Indian MSMEs face multiple challenges ranging from hiring talent to accessing capital at an affordable rate. 

"SRI Fund addresses these challenges and supports them to break barriers, encourage corporatization and achieve their full potential, the minister added.

Notably, SRI Fund is a Rs 10,000 crore alternative investment fund set up under the Central government's Atmanirbhar Bharat initiative. It has catalysed investment of nearly Rs 3,000 Cr in MSMEs 

Dinesh Khara, Chairman State Bank of India (SBI) said, “SBI, through SVL, is proud to be managing the SRI Fund which is now seen as a catalytic force in the Indian LP ecosystem with investments of Rs 3,000 crore in over 140 MSMEs made through its daughter Funds.”

Meanwhile, B. B. Swain, Secretary, MSME said that to address the unresolved need for capital of MSMEs, India needed to identify pools of equity risk capital which could be further leveraged to create a multiplier effect on the economy. 

"Over the term of SRI Fund, it is expected to catalyse Rs 50,000 Cr investment in more than 2,500 MSMEs," added Swain.

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