Self-Reliant India Fund
A ₹50,000 crore equity provision for growth-stage MSMEs, deployed through daughter funds as equity or quasi-equity.
What you get
₹10,000 crore from Government of India plus ₹40,000 crore from PE/VC — ₹50,000 crore total provision
Nodal ministry
Ministry of Micro, Small & Medium Enterprises
Support type
Equity
Best suited for
Growth / Scaling
Typical timeline
Daughter-fund diligence cycle
What this scheme actually is
The SRI Fund is a fund-of-funds for MSMEs rather than for startups specifically, implemented by NVCFL as a SEBI-registered Category II AIF. It channels growth capital as equity or quasi-equity through empanelled daughter funds. For a manufacturing or services MSME with genuine scale potential, it is a far more realistic equity route than conventional venture capital.
Implementing agency: NSIC Venture Capital Fund Limited (NVCFL)
What the scheme sets out to do
Who can apply
What you get
How to apply, step by step
- 1
Register interest with NVCFL
MSMEs can fill the interest form at nvcfl.co.in to enter the pipeline.
- 2
Approach the empanelled daughter funds directly
NVCFL publishes the list with fund names, investment managers, sector focus and contacts. Approach the funds aligned to your sector and stage — this is faster than waiting to be matched.
- 3
Prepare an equity-grade pack
Audited financials, growth plan, management depth, governance and a cap table that can take an institutional investor.
- 4
Close and comply
Definitive documents, allotment filings and the governance obligations that come with institutional equity.
What we actually do on a SRI Fund mandate
Services this usually needs
No consultant can guarantee a sanction — that decision sits with the evaluating committee, bank or incubator. We commit to an honest eligibility view, an application built to the evaluator’s format, filing inside the window and a documented follow-up cadence. That is stated in every engagement letter we sign.