On 21st August, 2021, the government launched Rs 250 crore worth Alternative Investment Fund-UbharteSitaare, for export-oriented small and mid-sized companies.
About the Fund
The fund has been set up by Exim Bank and SIDBI.
It is a mix of structured support, both financial and advisory services through investments in equity or equity like instruments, debt, and technical assistance to the Indian companies.
It will also have a Rs 250 crore Greenshoe Option.
Objectives
To enhance India’s competitiveness in select sectors through finance and extensive handholding support.
To identify and nurture companies having differentiated technology, products or processes, and enhance their export business.
