Cabinet approves ₹50,000 crore equity infusion for MSMEs through Fund of Funds1 min read . Updated: 01 Jun 2020, 05:31 PM IST
- The government will set up ₹10,000 crore fund, which, with leverage, will be able to finance equity infusion of about ₹50,000 crores in small businesses
- The move is expected to expand size as well as capacity of MSMEs and will encourage them to get listed on main board of domestic bourses
NEW DELHI: The Cabinet Committee on Economic Affairs, headed by Prime Minister Narendra Modi, on Monday approved ₹50,000 crore equity infusion for micro small and medium enterprises (MSMEs) through Fund of Funds, and another ₹20,000 crore fund for the distressed sector.
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