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Finance minister launches ‘Ubharte Sitaare Fund’

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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SourceEXIM Bank
Finance minister launches ‘Ubharte Sitaare Fund’ 1
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