SIDBI-Maharashtra Govt. Set Up Rs.200 Cr. Venture Capital Fund For MSME

11 May , Mumbai

State-run Small Industries Development Bank of India- SIDBI and Maharashtra Government have set up a 200-crore rupee venture capital fund, with a view to provide easy financing options to micro, small and medium entrepreneurs -MSMEs, which traditionally face hurdles in formal sources of funding.

While the state has committed contributing 75 crore rupees towards the fund, the rest will be raised from banks and other financial institutions.

Meanwhile, Maharashtra has also decided to come up with a dedicated industrial policy for MSMEs to provide them all the necessary incentives and facilities setting up of their businesses in the state.