Finance Minister Nirmala Sitharaman launches fund for small, mid-cap industries
The fund titled ‘Ubharte Sitaare’ was launched in Lucknow
One of the promises made by the government in the 2020 Union Budget
The fund is anchored by India Exim Bank and SIDBI
The corpus of the fund is Rs 250 crore.
The fund will recognise potential Indian companies and assist them in their growth
It will provide financial and logistical support to small enterprises for their export ambitions
