**Executive Summary**
This document is a response to Unstarred Question No. 718 in Lok Sabha regarding the implementation status of the Self-Reliant India (SRI) Fund. The response provides details on the fund's allocation, disbursement, utilization, impact on MSMEs, and awareness programs up to October 31, 2025. The information is provided by the Minister of State for Micro, Small and Medium Enterprises (MSMEs) and is due for reply on December 4, 2025.
**Key Points / Main Content**
* **SRI Fund Overview:**
* The SRI Fund was established to inject ₹50,000 crore into MSMEs with growth potential.
* ₹10,000 crore is from the Government of India, and ₹40,000 crore is through Private Equity/Venture Capital Funds.
* 671 MSMEs have been assisted with ₹14,927 crore equity infusion between inception in 2021 and October 31, 2025.
* 3 MSMEs in Andhra Pradesh (Visakhapatnam) have been assisted as of October 31, 2025.
* State/UT-wise and year-wise details of MSMEs benefitted under SRI Fund are attached at Annexure I.
* **Fund Allocation and Utilization (in ₹ crore):**
| Funds | FY 2021-22 | FY 2022-23 | FY 2023-24 | FY 2024-25 |
| :------------------------------------- | :--------- | :--------- | :--------- | :--------- |
| Fund allocated/ sanctioned (RE) | 350.00 | 392.79 | 579.45 | 575.00 |
| Fund Released | 180.35 | 392.79 | 579.45 | 575.00 |
| Fund Utilized | 180.35 | 392.79 | 553.78 | 575.00 |
* **Fund Management and Processing:**
* SRI Fund is a Central Sector Scheme, and funds are not released to State Governments.
* The average processing time between approval and disbursement of funds to MSMEs is six to nine months.
* **Daughter Funds and Investments:**
* 69 Daughter Funds have been empanelled with NSIC Venture Capital Fund Limited (NVCFL) as of October 31, 2025.
* Daughter fund-wise details of funds committed, drawdown, and invested in MSMEs are attached at Annexure II.
* **Employment and Sectoral Impact:**
* Since inception (2021) till October 31, 2025, total employment generated under the Scheme is estimated at 1,51,264.
* Sector-wise details of MSMEs benefitted are detailed in the document, showing that the services sector has the most beneficiaries (410 MSMEs) with ₹7,813 crore investments.
* Total number of MSMEs benefitted is 671 with Total Investments at Fund level of ₹14,927 crore.
* **Awareness Programs:**
* The Ministry of MSME conducts workshops and interactive sessions nationwide to raise awareness about its schemes, including the SRI Fund.
**Impact Analysis**
**MSMEs:**
* **Impact:**
* MSMEs benefit from equity infusion to grow and expand operations.
* SRI Fund can lead to job creation and revenue growth for MSMEs.
* **Action Required:**
* MSMEs can apply for funding under the SRI Fund to receive equity support.
**NSIC Venture Capital Fund Limited (NVCFL):**
* **Impact:**
* NVCFL manages and oversees the Daughter Funds under the SRI Fund.
* **Action Required:**
* NVCFL is responsible for providing details on funds committed, drawdown, and invested in MSMEs.
**Ministry of MSME:**
* **Impact:**
* The Ministry is responsible for the overall implementation and management of the SRI Fund.
* **Action Required:**
* The Ministry needs to continue organizing awareness programs to promote the SRI Fund and its benefits.
Key Entities Referenced
Self Reliant India (SRI) Fund: A central sector scheme to infuse equity into MSMEs with potential to grow, supported by the Government of India and Private Equity/Venture Capital Funds.
Ministry of Micro, Small and Medium Enterprises: The primary ministry responsible for the administration of the Self Reliant India (SRI) Fund.
NSIC Venture Capital Fund Limited (NVCFL): The 'Mother Fund' under SRI Fund, responsible for empanelling Daughter Funds.
MSMEs: Micro, Small and Medium Enterprises, the target beneficiaries of the Self Reliant India (SRI) Fund.
Andhra Pradesh: A state in India specifically mentioned in the context of the distribution and benefits of the SRI Fund.
GOVERNMENT OF INDIA
MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES
LOK SABHA
UNSTARRED QUESTION NO. 718
TO BE ANSWERED ON: 04.12.2025
IMPLEMENTATION STATUS OF SELF-RELIANT INDIA FUND
718. DR. BYREDDY SHABARI:
Will the Minister of MICRO, SMALL AND MEDIUM ENTERPRISES be pleased to state:
(a) the total number of Micro, Small and Medium Enterprises (MSMEs) that have applied, been
approved, rejected and are pending under Self Reliant India (SRI) Fund during the last five years, year
and State-wise, particularly district-wise for Andhra Pradesh including Nandyal;
(b) the total equity support sanctioned, released and actually deployed along with the average
processing time between approval and disbursement under the SRI Fund, year and State-wise
including district-wise for Andhra Pradesh;
(c) the number of daughter funds onboarded, their committed versus drawn-down capital and the
investments made into MSME, State-wise including Andhra Pradesh;
(d) the distribution of SRI-funded MSMEs and the measurable outcomes including jobs created
and revenue growth, sector-wise; and
(e) the details of awareness or outreach programmes conducted under SRI Fund, State-wise,
especially in Andhra Pradesh?
ANSWER
MINISTER OF STATE FOR MICRO, SMALL AND MEDIUM ENTERPRISES
(SUSHRI SHOBHA KARANDLAJE)
(a): Self Reliant India (SRI) Fund has been set up to infuse equity of Rs. 50,000 crore in MSMEs
having potential and viability to grow larger with Rs. 10,000 crore from the Government of India and
Rs. 40,000 crore through Private Equity/Venture Capital Funds. Since inception in 2021 till
31.10.2025, 671 MSMEs have been assisted with an equity infusion of Rs. 14,927 crore. As on
31.10.2025, 3 MSMEs have been assisted in Andhra Pradesh (Visakhapatnam). The State/UT-wise
and year-wise details of MSMEs benefitted under SRI Fund are attached at Annexure I.
(b): The year-wise details of fund sanctioned, released and utilized under SRI Fund are given below:
Amount (Rs. In crore)
Funds FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25
Fund allocated/ sanctioned (RE) 350.00 392.79 579.45 575.00
Fund Released 180.35 392.79 579.45 575.00
Fund Utilized 180.35 392.79 553.78 575.00
SRI Fund is a Central Sector Scheme, under which funds are not released to the State
Government. The average processing time between approval and disbursement of Funds to MSMEs is
about six to nine months from the date of the proposal to date of infusion.: 2 :
(c): As reported by NSIC Venture Capital Fund Limited (NVCFL), as on 31.10.2025, total 69
Daughter Funds have been empanelled with NVCFL (Mother Fund) under SRI Fund. The Daughter
fund –wise details of funds committed, drawdown and invested in MSME from all investors are
attached at Annexure II.
(d): As informed by NVCFL, since inception 2021 till 31.10.2025, total employment generated
under the Scheme is estimated at 1,51,264. The sector-wise details of MSMEs benefitted in the
country under SRI Fund are as given below:
Sector-wise details of MSMEs benefitted under SRI Fund as on 31.10.2025 since
inception
Sector No. of MSMEs Total Investments at Fund level (Rs. in crore)
Manufacturing 207 6,053
Services 410 7,813
Trading 54 1,061
Total 671 14,927
(e): Ministry of MSME organises workshops/interactive sessions for stakeholders on regular basis
for creating awareness about its schemes, including SRI Fund, across the country.
*****Annexure I
Annexure referred in part (a) of answer to Lok Sabha Unstarred Question no. 718 on
“Implementation Status of Self-Reliant India Fund” due for reply on 04.12.2025.
The States/UTs-wise and year-wise details of MSMEs benefitted under SRI Fund
FY-2025-26
Sl. FY FY FY FY
States/UTs (As on
No. 2021-22 2022-23 2023-24 2024-25
31.10.2025)
1 Andhra Pradesh 2 1 0 0 0
2 Assam 1 0 0 0 0
3 Bihar 1 1 0 0 0
4 Chandigarh 1 2 0 0 0
5 Chhattisgarh 1 0 0 0 0
6 Delhi 4 42 11 12 18
0
Dadra and Nagar
7 0 1 0 0
Haveli
8 Goa 0 2 0 0 0
9 Gujarat 2 15 1 5 4
10 Haryana 4 21 11 13 14
11 Himachal Pradesh 1 0 1 -1 0
12 Jharkhand 0 1 0 0 0
13 Kerala 0 1 4 2 3
14 Karnataka 15 62 32 42 28
15 Madhya Pradesh 0 7 1 -1 0
16 Maharashtra 26 62 25 31 15
17 Odisha 3 3 0 3 0
18 Puducherry 0 1 0 1 0
19 Punjab 1 1 0 0 0
20 Rajasthan 0 4 2 1 1
21 Tamil Nadu 6 10 8 3 0
22 Tripura 0 1 0 0 0
23 Telangana 2 9 7 21 6
24 Uttarakhand 0 2 0 3 -1
25 Uttar Pradesh 5 0 2 8 6
26 West Bengal 0 1 2 2 0
Total 75 250 107 145 94
Source: NSIC Venture Capital Fund LimitedAnnexure II
Annexure referred in part (c) of answer to Lok Sabha Unstarred Question no. 718 on
“Implementation Status of Self-Reliant India Fund” due for reply on 04.12.2025.
S. Name of Daughter Fund Commitment Daughter Daughter Fund
No. Under Fund wise wise Investment
Management Drawdown in MSMEs from
(Rs. in crore) (Rs. in all investors (Rs.
crore) in crore)
1 9Unicorns Accelerator Fund -1 25 23 422
2 Aavishkaar India Fund VI (AIF VI) 170 61 303
3 Achieving Women Entrepreneurs Early 65 - -
4 Agastya Capital India Growth Fund 200 - -
5 Alkemi Venture Fund II - Scheme I 70 21 127
6 Amicus Capital Partners India Fund II 200 42 125
7 Ankur Capital Fund III 70 8 46
8 Antler Innovation India Fund 1 50 17 133
9 Arali Ventures II 35 11 73
10 Ascent Growth Trust 125 4 60
11 Asha Ventures Fund I 65 5 10
12 Atomic Capital Investment Trust 30 4 39
13 Avaana Sustainability Fund 180 70 373
14 BanyanTree India Growth Capital Fund 30 21 130
15 Cactus Partners Fund I 75 43 338
16 Carpediem Capital Partners Fund II 75 44 210
17 Centre Court Capital Fund I 35 7 51
18 Chiratae Ventures India Fund V 140 16 107
19 Colossa Women First Fund 30 - -
20 Cornerstone Venture Partners Fund I 35 32 291
21 Cornerstone Ventures Investment Fund 45 13 47
22 Dallas Venture Capital India Fund 1 30 13 93
23 Elev8-Capital Fund I 125 14 59
24 Endiya Partners Fund III 120 15 70
25 Enzia Investment Trust Fund I 25 13 68
26 Epiq Capital II 105 69 312
27 Equanimity Ventures Fund II 25 11 68
28 Exfinity Technology Fund- Series III 50 28 224
29 Filter Capital India Fund I 75 55 343
30 Fireside Ventures Investment Fund III 160 89 748
31 First Bridge India Growth Fund 50 8 107
32 Gaja Capital India Fund 2020 LLP (Gaja 255 157 571
33 IGVr)a nd Anicut Fund 3 70 51 271
34 Greenstone Fund 25 - -
35 GVFL Emerging Enterprises Venture 80 29 136
36 CIAaNpi tAall pFhuan dF und 100 16 86
37 India Advantage Fund S5 I 165 60 500
38 India SME Investments Fund II 40 - -
39 Iron Pillar India Trust 60 39 300
40 IVen Amplifi Fund 150 30 172
41 IvyCap Ventures Fund III 340 169 866
42 Jashvik Capital Fund I 200 92 63343 Kae Capital Fund III 55 26 283
44 Maharashtra Defence and Aerospace 35 37 336
45 VMeennttuerrer aF Suoncdi al Impact Fund II 25 15 78
46 NABVENTURES Fund I 50 47 463
47 Nextgen Technology Fund I 120 3 13
48 Omnivore Agritech & Climate 225 73 571
49 SOursiotasi nVaebnitluitrye FPuanrtdn e3r s Fund III 50 35 175
50 Paragon Partners Growth Fund II 40 29 324
51 Pavestone Technology Fund 100 51 249
52 Roots Ventures-II 45 13 77
53 Sabre Partners Fund - 2019 45 34 173
54 Singularity Growth Opportunities Fund I 40 39 388
55 Singularity Growth Opportunities Fund 150 56 267
56 ISIo merset Indus Healthcare India Fund III 250 25 165
57 SORIN INVESTMENT FUND 40 9 214
58 Stakeboat Capital Fund II 150 73 447
59 SVAS Winning Businesses 40 11 51
60 SVL-SME Fund (Neev II) 135 109 756
61 Tata Capital Growth Fund III 200 - -
62 Tata Capital Healthcare Fund II 60 57 421
63 Trident India Growth Fund 1 Trust 125 10 110
64 TrueScale Venture Growth Fund I 45 25 150
65 Ubharte Sitaare Fund 50 43 235
66 Vincere Partners Growth Fund - I 25 - -
67 Whiteboard Capital India Trust 25 14 153
68 Yali Deeptech Fund I 50 10 127
69 Zephyr Peacock India Growth Fund 45 32 191
Total 6,220 2,272 14,927
Source: NSIC Venture Capital Fund Limited