Inaugurating of INTEC 2022 on 2nd to 06th June, 2022 (spread over 25000 Sq.mt.) a five-day industrial fair organised by Coimbatore District Small Industries Association. Sh. P. Udayakumar, Director (Planning & Marketing), NSIC stated that NSIC Venture Capital Fund Limited, a wholly-owned subsidiary of National Small Industries Corporation (NSIC), has commenced operations and will invest in Micro, Small and Medium-scale Enterprises (MSMEs) for their growth. The Union government has mandated NSIC to implement a growth fund for the MSMEs and the NSIC Venture Capital Fund has been formed for this purpose. “We will invest in MSMEs. Works have started for this,” he said. The growth fund is launched under the Self Reliant India fund. The Ministry of MSMEs has given seed fund of ? 10,000 crore and daughter funds will bring in ? 40,000 crore. “We have a fund manager, legal advisor and an investment committee.

More Details..! 09 Jun 2022