FM to launch alternative investment fund for small and mid-sized EoUs

Finance minister Nirmala Sitharaman will launch an alternative investment fund for export-oriented small and mid-sized companies on Saturday. The 'Ubharte Sitaare' fund size is ₹250 crore with a green shoe option of ₹250 crore.

The fund, jointly sponsored by Exim Bank and SIDBI, will invest by way of equity, and equity-like products in export-oriented units, both in the manufacturing and services sectors.

According to a press release, Exim Bank's Ubharte Sitaare Programme (USP) identifies Indian companies that have the potential to be future champions in the domestic arena, while meeting global demands.


Exim Bank along with SIDBI has developed a robust pipeline of over 100 potential proposals across a range of sectors, such as pharma, auto components, engineering solutions, agriculture and software.