1576234079_hfWDo3_Parliament_House.png 
He added that the SRI fund will support the faster growth of MSMEs and thereby ignite the economy and create employment opportunities.
Photo Credit :
The Government of India has launched Self Reliant India (SRI) Fund, a fund of funds that aims to extend growth funding to Micro, Small and Medium Enterprises (MSME), said Union Minister Narayan Rane in a written reply in Lok Sabha on Thursday.
Talking about the SRI Fund, Rane said, "To provide funding support to Daughter Funds for onward provision as growth capital through equity, quasi-equity and debt (as permitted under relevant SEBI guidelines)."
He added that the SRI fund will support the faster growth of MSMEs and thereby ignite the economy and create employment opportunities.
To support MSMEs to graduate beyond the MSME bracket and become national international Champions. "To support MSMEs which help make India self-reliant by producing relevant technologies, goods and services. Daughter Funds which are interested in investing in MSMEs shall be empanelled," he added.
Assuming an average investment of Rs. 10.00 Crore per MSMEs, approximately 5000 MSME are likely to be benefited. The financial support under this scheme intends to increase the financial capacity of viable MSMEs for growth to expand their business and become national and international champions, the minister added.