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Centre’s SRI Fund

Published on November 12, 2022
Current Context: The recently launched Self-Reliant India (SRI) Fund of the Government of India is committed to deploying INR 5,000 crores in various firms.
Centre’s SRI Fund
  • The center chose 38 private equity (PE) and venture capital (VC) firms for the deployment of the funds.
  • It said that each fund, on average, will receive INR 100-150 crores over time as the investment period for private equity is 5-6 years.
  • It will operate via the mother fund and daughter fund (Fund of Funds) structure:
  1. mother fund is the SEBI fund with an investment of 20% of the overall corpus.
  2. daughter fund (mostly PE and VC funds) will raise the remaining 80% of the capital from outside sources.
  • Some of the daughter funds that are empanelled in the SRI Fund are:
  1. TATA Capital Healthcare Fund
  2. ICICI Ventures’ India Advantage Fund S5 I
  3. SVL-SME Fund
  4. Gaja Capital India Fund
  5. Aavishkaar India Fund
  6. Avaana Sustainability Fund
  7. Nab Ventures Fund 1
  8. Maharashtra Defence and Aerospace Venture Fund
  • Self-Reliant India (SRI) Fund is an INR 10,000 crore fund that was launched by the Government of India in October 2021 and is a SEBI-registered category-II Alternative Investment Fund (AIF) that was launched to provide growth capital to the MSME Sector.


Q.1 The Government of India recently approved the deployment of ______ to 38 private equity (PE) and venture capital (VC) firms via the SRI Fund.
a. INR 1,000 crore
b. INR 5,000 crore
c. INR 7,500 crore
d. INR 10,000 crore

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