About 5,000 micro, small and medium enterprises (MSMEs) are likely to benefit after the Rs 500 billion Self Reliant India Fund gets operationalized as it will make equity investments in MSMEs for their listing on stock markets and growth and global expansion. Disclosing this, India’s MSME Minister Narayan Rane said that the scheme is being implemented by a special purpose vehicle termed NSIC Venture Capital Fund Ltd (NVCFL), and the average investment per MSME will work out to around Rs 100 million. The government is the sole anchor investor, and a commitment of Rs 10.8 billion has been approved so far, said the minister.
