Question
Consider the following statements about Self Reliant
India Fund: 1) Self Reliant India (SRI) Fund is a Fund of Funds to infuse Rs. 50,000 crore as equity funding in those MSMEs which have the potential and viability to grow and become large units. 2) This initiative is aimed at providing growth capital to the deserving and eligible units of the MSME sector. 3) Under this scheme, the total size of the fund of Rs. 50,000 Crore has a provision of Rs.10,000 Crore from the Government of India and Rs.40,000 Crore leverage through Private Equity / Venture Capital funds. 4) For anchoring the Mother Fund, NSIC Venture Capital Fund Ltd . (NVCL), a subsidiary company of National Small Industries Corporation Ltd. (NSIC), has been incorporated Choose the incorrect statement:Solution
The correct answer is D
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