• MEYO

SBI chief says ₹10,000 cr Fund of Funds for MSMEs to be operational soon.

INR

10,000 crore Fund of Funds to support micro, small and medium enterprises (MSMEs) is expected to get operationalised soon, said SBI Chairman Rajnish Kumar. The fund was announced by Finance Minister Nirmala Sitharaman in May as part of the Aatmanirbhar Bharat initiative to mobilise equity of about ₹50,000 crore. It's expected to benefit over 25 lakh MSMEs under stress.