- 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:
- mother fund is the SEBI fund with an investment of 20% of the overall corpus.
- 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:
- TATA Capital Healthcare Fund
- ICICI Ventures’ India Advantage Fund S5 I
- SVL-SME Fund
- Gaja Capital India Fund
- Aavishkaar India Fund
- Avaana Sustainability Fund
- Nab Ventures Fund 1
- 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.
Question:
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
