Rs 10,000 cr Fund of Funds for MSMEs to be operational soon: SBI Chairman
The FOF scheme is intended to help those businesses who are in their nascent and initial stages, where there are almost no prospects to raise funds through the help of professional corporations or venture capitalists. The scheme proposes to buy up to 15 per cent growth capital in high credit MSMEs.
Rs 10,000 cr Fund of Funds for MSMEs to be operational soon: SBI Chairman, Photo: PTI