Executive Summary:
This document presents the response of the Minister of Micro, Small and Medium Enterprises to questions raised in Lok Sabha regarding the Self Reliant India (SRI) Fund. It details the fund's allocation, eligibility criteria, sector-wise distribution, and collaborations with financial institutions. The statement provides data as of June 30, 2025.
Key Points / Main Content:
* **Fund Allocation and Investment:**
* The total budgetary provision for the SRI Fund is Rs. 10,000 crore from the Government of India and Rs. 40,000 crore through Private Equity Venture Capital funds.
* As of June 30, 2025, Rs. 13,363.69 crore has been invested in 629 MSMEs across the country.
* 16 MSMEs in Uttar Pradesh have benefited from the SRI Fund.
* **Eligibility Criteria:**
* The SRI Fund does not directly invest in MSMEs.
* It provides growth capital to Daughter Funds (DFs), which then invest in eligible MSMEs through equity or quasi-equity instruments.
* MSMEs must have a defined business plan for growth indicating positive funds flow to be eligible.
* Daughter Funds evaluate MSMEs based on Transaction Structure, Business Model, Founder and Team Composition, and Exit Visibility.
* **Sector-wise Distribution:**
* Manufacturing: 193 MSMEs, with an investment of Rs. 5,382.24 crore.
* Services: 390 MSMEs, with an investment of Rs. 7,117.63 crore.
* Trading: 46 MSMEs, with an investment of Rs. 863.82 crore.
* **Collaboration with Financial Institutions:**
* The SRI Fund is operated in collaboration with NSIC Venture Capital Fund Limited (Mother Fund) and SBI Venture Capital Limited (Investment Manager).
* 64 Daughter Funds/Venture Capital firms are participating in the implementation of the SRI Fund.
Impact Analysis:
* **MSMEs:**
* Impact: Potential to receive equity or quasi-equity funding for growth through Daughter Funds, if meeting eligibility criteria and evaluation metrics.
* Action Required: Develop a defined business plan for growth indicating positive funds flow, and meet the Daughter Funds' requirements regarding Transaction Structure, Business Model, Founder and Team Composition, and Exit Visibility.
* **Daughter Funds/Venture Capital Firms:**
* Impact: Opportunity to access growth capital from the SRI Fund to invest in eligible MSMEs.
* Action Required: Evaluate MSMEs based on the SRI Fund guidelines and their own investment criteria, and manage investments in accordance with the fund's objectives.
* **NSIC Venture Capital Fund Limited and SBI Venture Capital Limited:**
* Impact: Responsible for operating and managing the SRI Fund.
* Action Required: Oversee the investment process, ensure compliance with guidelines, and monitor the performance of Daughter Funds and MSMEs.
Key Entities Referenced
Self Reliant India SRI Fund: A fund established by the Government of India to support Micro, Small, and Medium Enterprises (MSMEs).
Micro, Small and Medium Enterprises MSMEs: Businesses that are classified based on their investment and turnover, and are the target beneficiaries of the SRI Fund.
Uttar Pradesh: A state in India, specifically mentioned as an area of focus for the distribution of funds under the SRI Fund.
NSIC Venture Capital Fund Limited: The Mother Fund collaborating in the operation of the SRI Fund.
SBI Venture Capital Limited: The Investment Manager collaborating in the operation of the SRI Fund.
Lok Sabha: The lower house of the Parliament of India, where the question regarding the SRI Fund was raised.
Jitan Ram Manjhi: The Minister of Micro, Small and Medium Enterprises answering the question in the Lok Sabha.
Daughter Funds DFs: Venture Capital firms participating in implementation of SRI Fund
GOVERNMENT OF INDIA
MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES
LOK SABHA
STARRED QUESTION NO. *279
TO BE ANSWERED ON: 07.08.2025
SELF RELIANT INDIA FUND
*279. SHRI DEVESH SHAKYA:
Will the Minister of MICRO, SMALL AND MEDIUM ENTERPRISES be pleased to state:
(a) the details of the total funds allocated so far under the Self Reliant India (SRI) Fund and
the number of Micro, Small and Medium Enterprises (MSMEs) benefited thereunder across the
country particularly in Uttar Pradesh including Etah, Kasganj, Etawah, Auraiya, Mainpuri and
Kannauj districts;
(b) the eligibility criteria for MSMEs to receive financial assistance under the SRI Fund;
(c) the sector-wise distribution of the funds, such as allocations to manufacturing, services and
technology-based MSMEs under the SRI Fund; and
(d) whether the Government is collaborating with any financial institution or venture capital
firms to enhance the effectiveness of the SRI Fund and if so, the details thereof?
ANSWER
MINISTER OF MICRO, SMALL AND MEDIUM ENTERPRISES
(SHRI JITAN RAM MANJHI)
(a) to (d): A statement is laid on the Table of the House.STATEMENT REFERRED TO IN REPLY TO PARTS (a) to (d) OF THE LOK SABHA
STARRED QUESTION NO. *279 FOR ANSWER ON 07.08.2025.
(a): The total budgetary provision under Self Reliant India (SRI) Fund by Government of India
is Rs. 10,000 crore and Rs.40,000 crore through Private Equity / Venture Capital funds. Since
inception of the Scheme till 30.06.2025, an amount of Rs. 13,363.69 crore has been invested in
629 MSMEs, including 16 MSMEs in the State of Uttar Pradesh under SRI Fund.
(b): Self-Reliant India Fund does not directly invest in MSMEs but provides growth capital to
Daughter Funds (DFs), which in turn invest in eligible MSMEs through equity or quasi-equity
instruments. As per the SRI Fund guidelines, MSMEs with defined business plan for growth
indicating positive funds flow are eligible under the Scheme. Daughter Funds, under the SRI Fund
framework, evaluate the eligibility of MSMEs based on their Transaction Structure, Business
Model, Founder and Team Composition and Exit Visibility.
(c): The sector-wise details of MSMEs benefitted in the country under SRI Fund are as below:
Sector-wise details of MSMEs benefitted under SRI Fund
(as on 30.06.2025 since inception)
Manufacturing Services Trading Total
Number Investment Number Investment Number Investment Number Investment
of (In Rs. of (In Rs. Crore) of (In Rs. of (In Rs.
MSMEs Crore) MSMEs MSMEs Crore) MSMEs Crore)
193 5,382.24 390 7,117.63 46 863.82 629 13,363.69
Source: NSIC Venture Capital Fund Limited.
(d): The SRI Fund is operated in collaboration with the NSIC Venture Capital Fund Limited
(Mother Fund) and SBI Venture Capital Limited (Investment Manager). As on date, there are 64
Daughter Funds/Venture Capital firms participating in implementation of SRI Fund (Annexure-I)
*****Annexure-I
Annexure referred in part (d) of answer to Lok Sabha Starred Question no. *279 on "Self
Reliant India Fund” due for reply on 07.08.2025.
S. No. Daughter Fund
1 9Unicorns Accelerator Fund -1
2 Aavishkaar India Fund -VI (AIF VI)
3 Achieving Women Entrepreneurs Early Growth Fund -I
4 Agastya Capital India Growth Fund
5 Alkemi Venture Fund II - Scheme I
6 Amicus Capital Partners India Fund -II
7 Ankur Capital Fund -III
8 Antler Innovation India Fund -1
9 Arali Ventures -I
10 Ascent Growth Trust
11 Asha Ventures Fund -I
12 Avaana Sustainability Fund
13 Banyan Tree India Growth Capital Fund
14 Cactus Partners Fund -I
15 Carpediem Capital Partners Fund- II
16 Centre Court Capital Fund- I
17 Chiratae Ventures India Fund -V
18 Colossa Women First Fund
19 Cornerstone Venture Partners Fund -I
20 Dallas Venture Capital India Fund -1
21 Elev8-Capital Fund -I
22 Endiya Partners Fund -III
23 Enzia Investment Trust Fund -I
24 Epiq Capital -II
25 Equanimity Ventures Fund -II
26 Exfinity Technology Fund- Series -III
27 Filter Capital India Fund -I
28 Fireside Ventures Investment Fund -III
29 First Bridge India Growth Fund
30 Gaja Capital India Fund 2020 LLP (Gaja IV)
31 Grand Anicut Fund -3
32 GVFL Emerging Enterprises Venture Capital Fund
33 IAN Alpha Fund
34 India Advantage Fund S5 I
35 India SME Investments AIF Trust- II
36 IVen Amplifi Fund
37 IvyCap Ventures Fund- III38 Jashvik Capital Fund -I
39 Kae Capital Fund -III
40 Maharashtra Defence and Aerospace Venture Fund
41 Menterra Social Impact Fund -II
42 NABVENTURES Fund -I
43 Omnivore Agritech & Climate Sustainability Fund -3
44 Paragon Partners Growth Fund -II
45 Pavestone Technology Fund
46 Nextgen Technology Fund -I
47 Roots Ventures-II
48 Sabre Partners Fund - 2019
49 Singularity Growth Opportunities Fund -I
50 Singularity Growth Opportunities Fund -II
51 Somerset Indus Healthcare India Fund -III
52 Sorin Investment Fund
53 Stakeboat Capital Fund -II
54 SVAS Winning Businesses
55 SVL-SME Fund (Neev II)
56 Tata Capital Healthcare Fund -II
57 True Scale Venture Growth Fund -I
58 Ubharte Sitaare Fund
59 Whiteboard Capital India Trust
60 Zephyr Peacock India Growth Fund
61 Yali Ventures
62 Orios Venture Partners Fund -III
63 Trident India Growth Fund -1 Trust
64 Greenstone Fund