The federal government-backed Self Reliant India Fund (SRIF) has committed more than Rs 50 billion to help MSMEs with growth capital in its first year of operations. Revealing this, an official statement said the SRI Fund had approved 38 ‘daughter funds’ with a commitment of over Rs 50 billion. SRIF, as the Mother Fund, invests up to 20% of the corpus of the Daughter Fund, which has to raise the balance of 80% of the capital from external sources. This arrangement maximizes the fund flow to the target MSME sector, and the contribution from SRIF gets leveraged five times, increasing investment in MSMEs significantly.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.