Lok Sabha Question No. 4524 (UNSTARRED), answered on 2025-03-27
Subject: Allocation under Self Reliant India Fund
Ministry: MICRO, SMALL AND MEDIUM ENTERPRISES
Asked by: Shri Arvind Dharmapuri

## GOVERNMENT OF INDIA MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES

## LOK SABHA UNSTARRED QUESTION NO. 4524 TO BE ANSWERED ON 27.03.2025

## ALLOCATION UNDER SELF RELIANT INDIA FUND

## 4524. SHRI ARVIND DHARMAPURI:

Will the Minister of MICRO, SMALL AND MEDIUM ENTERPRISES be pleased to state:

- (a) the total corpus allocated under Self Reliant India Fund (SRI Fund) and the number of MSMEs that have benefitted from the scheme so far;
- (b) the eligibility criteria for MSMEs to avail funding under SRI Fund;
- (c) the  distribution  of  funds  under  SRI,  Sector-wise  including  allocations  to  manufacturing, services and technology-based MSMEs;
- (d) whether the Government is collaborating with financial institutions or venture capital firms to enhance the effectiveness of SRI Fund, if so, the details thereof; and
- (e) whether any tax benefits or incentives are provided to investors participating in SRI Fund to encourage investment in MSMEs, if so, the details thereof?

## ANSWER

## MINISTER OF STATE FOR MICRO, SMALL AND MEDIUM ENTERPRISES (SUSHRI SHOBHA KARANDLAJE)

(a) to (c): As a part of Aatmanirbhar Bharat package, Rs 50,000 crore equity infusion for MSMEs through  Fund  of  Funds  was  announced  in  2020.  Under  this  fund  of  Rs.  50,000  crore,  there  is  a provision  of  Rs.10,000  crore  corpus  from  the  Government  of  India  and  Rs.40,000  crore  through Private Equity / Venture Capital funds. As per the Self Reliant India (SRI) Fund guidelines, MSMEs, are eligible for consideration. The equity support is provided to MSMEs which, after assessment, are found viable, with high growth trajectory and robust funds flows. Since inception, as on 28.02.2025, 577 MSMEs have benefitted under SRI  Fund. The sector-wise details of MSMEs benefitted in the country under SRI Fund are as given below:

Amount (in Rs. Crore)

| Sector-wise details of MSMEs benefitted under SRI Fund as on 28.02.2025 since inception   | Sector-wise details of MSMEs benefitted under SRI Fund as on 28.02.2025 since inception   | Sector-wise details of MSMEs benefitted under SRI Fund as on 28.02.2025 since inception   | Sector-wise details of MSMEs benefitted under SRI Fund as on 28.02.2025 since inception   | Sector-wise details of MSMEs benefitted under SRI Fund as on 28.02.2025 since inception   | Sector-wise details of MSMEs benefitted under SRI Fund as on 28.02.2025 since inception   | Sector-wise details of MSMEs benefitted under SRI Fund as on 28.02.2025 since inception   | Sector-wise details of MSMEs benefitted under SRI Fund as on 28.02.2025 since inception   |
|-------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------|
| Manufacturing                                                                             | Manufacturing                                                                             | Services                                                                                  | Services                                                                                  | Trading                                                                                   | Trading                                                                                   | Total Contribution                                                                        | Total Contribution                                                                        |
| Number of MSMEs                                                                           | SRI Contribution                                                                          | Number of MSMEs                                                                           | SRI Contributio n                                                                         | Number of MSMEs                                                                           | SRI Contribution                                                                          | Number of MSMEs                                                                           | Total SRI Contribution                                                                    |
| 176                                                                                       | 539.18                                                                                    | 364                                                                                       | 646.39                                                                                    | 37                                                                                        | 83.59                                                                                     | 577                                                                                       | 1,269.16                                                                                  |

Source: NSIC Venture Capital Fund Limited.

- (d): SRI  Fund  is  a  Securities  and  Exchange  Board  of  India  (SEBI)  registered  Alternative Investment Fund (AIF). SRI Fund commits to other SEBI registered AIF Categories I & II. SRI Fund has empanelled 60 Daughter Funds, so far.
- (e): Investments in SRI Fund, which is designed to support MSMEs, do not offer any specific tax benefits or deductions under the Income Tax Act. As per Ministry of MSME's notification no. S.O. 4926(E), dated 18.10.2022, non-tax benefits are extended for 3 years in case of an upward change in status of MSMEs.

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