SIDBI closes MSME focused India Opportunity Fund
Hotline: 1800 102 2007
X
Search Business Opportunities
2012-06-26

SIDBI closes MSME focused India Opportunity Fund

The Small Industries Development Bank of India (SIDBI) on Monday said its venture capital subsidiary has closed Rs 600 crore, India Opportunity Fund.

The Small Industries Development Bank of India (SIDBI) on Monday said its venture capital subsidiary has closed Rs 600 crore, India Opportunity Fund.

“SIDBI Venture Capital has got fund commitment from various investors including domestic banks and insurance companies. The Rs 600 crore, India Opportunity Fund would be operational soon,” Sushil Muhnot, Chairman and Managing Director, SIDBI told reporters.

SIDBI has committed to contribute 30 per cent or Rs 180 crore to the corpus India Opportunity Fund Series I, he said. The fund would focus on development of the micro, small and medium enterprises (MSME) sector.

SIDBI Venture Capital has two funds since its inception. The first one, the National Venture Fund for Software and IT Industry had a corpus of Rs 100 crore. The second one, SME Growth Fund, has a corpus of Rs 500 crore and is at present under divestment phase.

Muhnot further stated that the financial institution is working on a new business model in consultation with the government. The financial institution would focus on three core areas including energy efficiency project, receivable finance and lending to services sector.

Related opportunities
  • About:Social drinking is a norm in today’s world and keeps..
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2017
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Bars, Pubs & Lounge
    Company Profile A true hideaway in Delhi, PCO has garnered much..
    Locations looking for expansion New Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 2750
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi New Delhi
  • Quick Service Restaurants
    STREET FOOD FRANCHISE BUSINESS OPPORTUNITY IN INDIA Are you looking for..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Casual dine Restaurants
    About Us: Ginger Ganesha, a name synonymous with mouth-watering dosas in..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi 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

Free Advice - Ask Our Experts