SIDBI, Maharashtra government form $31m start-up fund
The government of the Indian state of Maharashtra has paired with the Small Industries Development Bank of India (SIDBI) to set up a INR2 billion ($31.1 million) venture fund for micro, small and medium enterprises (MSMEs).
The state will contribute INR750 million of the fund corpus, with the rest coming from banks and other financial institutions. SIDBI said that fundraising will begin once the vehicle is registered with...
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