Self-Reliant India (SRI) Fund

What it is

Address MSME growth-capital constraints, support faster growth and corporatisation, help viable enterprises become national or international champions, and support self-reliant technologies, goods and services.

What you get

• Indirect MSME growth capital through empanelled daughter funds - terms vary

Who it is for

• the enterprise must be an MSME as defined under the MSMED Act, as amended from time to time
• the enterprise should be viable or have high-growth potential and fit the applicable daughter-fund mandate
• the enterprise must be evaluated through an empanelled daughter fund; SRI is not a direct founder application or guaranteed entitlement
• the enterprise must satisfy the applicable investment strategy, diligence, governance and documentation requirements
• the proposed investment must fit the applicable Private Placement Memorandum, SEBI requirements and current fund terms

Not eligible if

• SRI is not a universal grant, subsidy, interest subvention or government loan
• non-profit institutions, NBFCs, financial-inclusion entities, micro-credit entities, SHGs and other financial intermediaries are excluded under the published scheme page
• the INR 10,000 crore government provision and approximately INR 50,000 crore leveraged structure are fund-level figures, not an applicant ticket
• NVCFL empanels daughter funds; it does not promise investment to every MSME
• investment amount, valuation, dilution, governance, exit, milestones, fees, reporting and selection remain daughter-fund and fund-document controlled

How to apply

1. 1
   Confirm MSME status and route

   Verify that the enterprise is an MSME under the current MSMED Act definition and understand that SRI access is indirect through a daughter fund.

   Official step
2. 2
   Review the current daughter-fund landscape

   Check the current NVCFL empanelled-fund information and identify a daughter fund whose sector, stage, geography and ticket mandate fit the enterprise.

   Official step
3. 3
   Prepare growth-capital diligence

   Assemble financial, ownership, governance, market, technology, employment, regulatory, IP and use-of-funds evidence requested by the selected daughter fund.

   Official step
4. 4
   Approach the selected daughter fund

   Submit directly to the relevant daughter fund. Do not use the NVCFL daughter-fund interest form as if it were an MSME investment application.

   Official step

Keep ready