The Finance Minister Nirmala Sitharaman is set to launch an ambitious ‘Ubharte Sitaare Fund’.
It will be launched for export-oriented firms and startups.
Ubharte Sitaare fund has been set up jointly by Exim Bank and SIDBI
It will be launched in Lucknow.
The finance minister will also launch India Exim Bank’s study on ‘Exports from Uttar Pradesh: Trends, Opportunities and Policy Perspective’.
Ubharte Sitaare Programme (USP) will identify Indian companies that have the capability to be future champions in domestic arena while meeting the global demands.
This fund is a mix of structured support, debt and technical assistance to the Indian companies.