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Ubharte Sitaare Fund
August 22 , 2021
1119 days
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- 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.
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