Finance minister launches ‘Ubharte Sitaare Fund’
On 21st August 2021, Finance Minister Nirmala Sitharaman has launched the ‘Ubharte Sitaare Fund (USF)’ of corpus Rs 250 crore for export-oriented small and mid-sized companies in Lucknow, Uttar Pradesh.
- India Exim Bank will provide the funds with SIDBI and will be provided under the Ubharte Sitaare Programme (USP).
- The main purpose of the Ubharte Sitaare Fund 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.
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