Thursday, 05 Nov 2026 Breaking: Exiled Kashmiri leader Dr Shabir Choudhry condemns Pakistan's alleged repression in PoJK, vows to continue peaceful struggle
BREAKING: Apple launches AI platform | Tesla earnings beat estimates | Nvidia stock surges | Bitcoin crosses major resistance
Business

SRI Fund attracts nearly Rs 48,000 crore in private capital, supports 824 MSMEs

SRI Fund attracts nearly Rs 48,000 crore in private capital, supports 824 MSMEs

New Delhi [India], November 5 (ANI): The Self-Reliant India (SRI) Fund has leveraged nearly Rs 48,000 crore in private investment and supported 824 MSMEs, as per a statement by the Ministry of Micro, Small and Medium Enterprises (MSME). 
As per the release, the Ministry of Micro, Small and Medium Enterprises organised an awareness workshop on the Self-Reliant India (SRI) Fund in New Delhi on November 4 to promote women entrepreneurship under the Yashashvini Campaign.
Addressing the workshop, MSME Additional Secretary and Development Commissioner Dr. Rajneesh said the government had committed Rs 10,000 crore to the fund, with an expectation of mobilising four times that amount from private investors.
MSME Secretary Bharat Khera said registrations on the Udyam and Udyam Assist portals had crossed 10 crore as of October 30, 2026, helping bridge the formalisation gap in the sector.
He noted that women-owned enterprises accounted for 37.6 per cent of total registrations and called for increasing their share to 50 per cent. Khera emphasised that greater formalisation had increased the ministry's responsibility to help MSMEs expand their operations, highlighting the importance of access to growth capital.
Khera shared that, "Under the SRI Fund, commitments of Rs 8,305 crore had been made against the Rs 10,000 crore corpus, and that nearly Rs 48,000 crore had been leveraged from private venture capital and private equity funds."
The SRI Fund is a Rs 10,006 crore fund-of-funds initiative launched by the Government of India under the Aatmanirbhar Bharat package to provide growth capital to MSMEs.
As per Khera, 72 daughter funds had been empanelled under the initiative, with investments totalling Rs 21,330 crore made in 824 MSMEs, of which approximately 74 per cent were micro enterprises.
Among the enterprises supported, 77 had moved to a higher enterprise category, six had been listed on stock exchanges, and 32 investment exits had been completed profitably.
Explaining the investment process, Khera said daughter funds make investment decisions independently on commercial considerations, including business viability, growth performance over the previous three years and business plans demonstrating positive cash flows.
The Secretary also added that MSME credit outstanding had grown from about Rs 10 lakh crore in 2014 to over Rs 40 lakh crore, with the non-performing assets for the MSME sector falling to about 3.5 per cent. 
He also highlighted that the Union Budget 2026-27 had allocated an additional Rs 2,000 crore to the SRI Fund specifically for micro enterprises.
Apart from this, Khera referred to the newly introduced Rs 10,000 crore SME Growth Fund, which will directly invest in small and medium enterprises.
"He advised entrepreneurs to maintain proper financial records and adopt a suitable legal structure, and said that bringing in equity also improves an enterprise’s access to debt," the release noted. (ANI)

Tags

Related News

My Vision Is to Put Indian Potash Limited on the Global Map: Mr. Sanjeev Varma
Business
My Vision Is to Put Indian Potash Limited on the Global Map: Mr. Sanjeev Varma

<p>PNN<br/>New Delhi [India], November 5: “My vision for Indian Potash Limited is to build on its rich legacy and transf...

Centre releases Rs 1.09 lakh crore in tax devolution to states ahead of festive season  
Business
Centre releases Rs 1.09 lakh crore in tax devolution to states ahead of festive season  

<p>New Delhi [India], November 5 (ANI): The Centre has released Rs 1.09 lakh crore to state governments as tax devolutio...

Northern Arc Diversified Debt Fund Raises Rs. 400 Crore+
Business
Northern Arc Diversified Debt Fund Raises Rs. 400 Crore+

<p>NewsVoir<br/>Mumbai (Maharashtra) [India], November 5: Northern Arc Investment Managers Private Limited (“Northern Ar...

Ageas Federal Life Insurance Launches Wealth Infinity Plan a Unit Linked Life Insurance Plan That Builds Wealth and Supports Goals Across all Life Stages
Business
Ageas Federal Life Insurance Launches Wealth Infinity Plan a Unit Linked Life Insurance Plan That Builds Wealth and Supports Goals Across all Life Stages

<p>NewsVoir <br/>Mumbai (Maharashtra) [India], November 5: Ageas Federal Life Insurance, one of India’s leading private...

Renewable Energy Procurement Strategies for Data Center Operators in India
Business
Renewable Energy Procurement Strategies for Data Center Operators in India

<p>VMPL<br/>New Delhi [India], November 5: Every online search, video call and digital payment relies on data centers to...

Forevermark Diamond Jewellery Expands North India Footprint with New Store at Gold Souk Mall, Gurugram, Inaugurated by Film Star Vaani Kapoor
Business
Forevermark Diamond Jewellery Expands North India Footprint with New Store at Gold Souk Mall, Gurugram, Inaugurated by Film Star Vaani Kapoor

<p>PRNewswire<br/>Gurugram (Haryana) [India], November 5: Forevermark Diamond Jewellery from De Beers Group has strength...