Framework for Rs 10,000 cr MSME fund to be ready by month-end
Hotline: 1800 102 2007
X
Search Business Opportunities
2014-09-25

Framework for Rs 10,000 cr MSME fund to be ready by month-end

MSME Ministry has been working closely with the Department of Financial Services to set up a framework for the operationalisation of this fund which is hoped to be completed by the end of September 2014.

The government said the framework to operationalise the Rs 10,000 crore venture capital fund for MSMEs announced in the Budget will be put in place by month-end.

 

"We have already worked out a given framework with SIDBI. Now we are waiting for certain confirmations with regard to the nature of that fund. Once that is done, the architecture is ready. We have formed four components, for example soft loans, quasi equity, credit guarantee to cater to innovative enterprises. These funds will be for growth-oriented, innovative enterprises," said Madhav Lal, Secretary, MSME Ministry.

 

Lal was here for a press conference highlighting MSME Ministry's achievements in first 100 days of new government.

 

The Ministry has been working closely with the Department of Financial Services to set up a framework for the operationalisation of this fund which is hoped to be completed by the end of September 2014, the MSME said in a statement.

Related opportunities
  • Gyms and Fitness Centres
    Chisel- An initiative by Virat KohliWith celebrity-backed ventures becoming the..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3500 sq ft- 7000 sq ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Skills / Personality Development
    SPOKEN ENGLISH COURSES with exclusive course material from OXFORD UNIVERSITY..
    Locations looking for expansion West bengal
    Establishment year 1935
    Franchising Launch Date 1992
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Amherst street West bengal
  • About Us: Established in 2012, Hot Fut Sports, a venture of..
    Locations looking for expansion Maharashtra
    Establishment year 1950
    Franchising Launch Date 2015
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 6000 - 50000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • About Us: •Sizzle House is the quintessential eatery, located on one..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts