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‘Ubharte Sitaare Fund’

Published on August 23, 2021
Current Context: Union Finance Minister Nirmala Sitharaman launched the ‘Ubharte Sitaare’ scheme.
‘Ubharte Sitaare Fund’
  • The scheme will help the MSME sector to become future champions with good export potential.
  • The scheme is basically launched for export-oriented firms and startups of India.
  • The ‘Ubharte Sitaare fund’ is jointly framed and set up by Exim Bank and SIDBI.
  • The scheme was launched in Lucknow, Uttar Pradesh.
  • The small and mid-sized companies, startups will be identified who have the ability in terms of technology, products or processes and export potential to become future champions at national and international levels.
  • These small and mid-sized companies, startups if fulfilling the criteria to become the future champions and are currently underperforming will be uplifted under the scheme.
  • The ‘Ubharte Sitaare fund’ is induced with financial support as well as advisory support.
  • Static Part: 
    • HQ of Exim Bank: Mumbai
    • MD of Exim Bank: David Rasquinha
    • HQ of SIDBI: Lucknow
    • Chairman and MD of SIDBI: Sivasubramanian Ramann


Q.1 Which entity set up the ‘Ubharte Sitaare fund’ scheme?
b. Exim Bank
d. Both (a) and (b)

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