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