Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2014-09-10

Odisha launches Rs 100 crore fund to support MSMEs

An MoU was signed between the MSME Department and Ahmedabad-based GVFL Advisory Services Private Limited for launching the venture capital.

The State Government has decided to launch a venture capital fund, ‘Odisha MSME Fund’, with a corpus of Rs 100 crore for providing marketing and infrastructure development support to MSMEs.
 
 
While the State Government will invest Rs 50 crore in the fund as sponsor, the balance amount will be raised from banks, insurance companies, financial institutions and the Central Government.  
 
 
A new asset management company will be created to manage venture capital funds to be created from time to time. The first fund to be managed by the company will be ‘Odisha MSME Fund’. It will be a close ended fund with a life of six years. The fund will invest in equities and equity linked instruments in all sectors including IT/ITES, biotech, clean energy and technology, healthcare and education.
 
 
An MoU was signed between the MSME Department and Ahmedabad-based GVFL Advisory Services Private Limited for launching the venture capital.
 
 
The GVFL Ltd will provide consulting services for formation of various companies, trusts, SEBI registration, preparation of legal documents and initial functioning of the asset management company.
Related opportunities
  • Gift Shops & Card Galleries
    Mohan Impressions Pvt. Limited has the opportunity that will bring..
    Locations looking for expansion West Bengal
    Establishment year 1995
    Franchising Launch Date 2006
    Investment size Rs. 10lac - 20lac
    Space required 100 - 1000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
  • Women's clothing
    About:..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required 300 - 500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • About:Established more than 12 years Magarpatta Clubs & Resorts is..
    Locations looking for expansion Maharashtra
    Establishment year 2011
    Franchising Launch Date 2016
    Investment size Rs. 1 Cr. - 2 Cr
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Quick Service Restaurants
    Kathi Junction – brings the golden opportunity to start your..
    Locations looking for expansion New Delhi
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 5lac - 10lac
    Space required 100 sqft to 1500 sqft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater NEW DELHI New Delhi
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