Self Reliant India Fund (SRI Fund)
Government of India
Self Reliant India Fund (SRI Fund)
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SRI Fund is a Fund of Funds with a corpus of ₹10,000 crore to provide equity funding for MSMEs through daughter funds. It aims to facilitate growth and development of MSMEs by providing them access to capital through Alternative Investment Funds (AIFs).
Key Features
Fund of Funds Structure
Invests in SEBI registered daughter funds which then invest in MSMEs
₹10,000 Crore Corpus
Significant capital pool for MSME growth and expansion
Equity Investment Focus
Provides equity capital, not debt, for long-term growth
Growth Stage Support
Targets MSMEs ready for expansion and scaling
Financial Assistance
| Component | Assistance | Details |
|---|---|---|
| Investment Type | Equity investment through daughter funds | Daughter fund invests in your MSME in exchange for equity stake |
| Ticket Size | Varies by daughter fund | Typically ₹50 lakh to ₹50 crore per MSME |
| Sector Focus | Manufacturing and service MSMEs | Focus on scalable, growth-oriented businesses |
| Exit Strategy | 5-7 year investment horizon | Fund exits through IPO, sale, or buyback after value creation |
Eligibility Criteria
Who Can Apply
Eligible Candidates
- 1Growth-stage MSMEs with scalable business models
- 2MSMEs with strong management and clear growth plans
- 3Businesses requiring equity capital for expansion
- 4MSMEs in manufacturing or service sectors
Who Cannot Apply
Ineligible Candidates
- Early-stage startups without revenue
- MSMEs in financial distress
- Businesses in restricted sectors
- Non-scalable traditional businesses
Documents Required
Detailed business plan and growth strategy
Mandatory
Audited financial statements (last 3 years)
Mandatory
MSME/Udyam registration
Mandatory
Company registration documents
Mandatory
Management profiles and backgrounds
Mandatory
Market analysis and competitive landscape
Mandatory
How to Apply
Bank Branch
- 1SRI Fund invests in SEBI registered daughter funds
- 2Daughter funds identify and evaluate potential MSME investees
- 3MSME presents business plan to daughter fund
- 4Due diligence and valuation conducted
- 5Investment committee approves equity investment
- 6Funds deployed for agreed business expansion