Ubharte Sitaare Fund
Under the Programme, an Alternative Investment Fund, christened “Ubharte Sitaare Fund”, co-sponsored by India Exim Bank and SIDBI with a contribution of ₹ 40 crore each has been successfully registered with SEBI in July 2021. The corpus of the Fund is ₹ 250 crore with a green shoe option of ₹ 250 crore. The Fund would invest by way of equity, and equity like products in export-oriented units, both in the manufacturing and services sectors, across the country and facilitate rising stars in the export market to attain greater heights.
The objective of the USF is to identify and invest in small and mid-size ventures in manufacturing and service industries with good export potential that could be future champions of export and handhold them through the growth phase.