SIDBI has launched a programme for Certified Credit Counsellor for MSME on July 11. The program was launched by S S Mundra, Deputy Governor at Mumbai and attended by senior officials of RBI, banks and other stakeholders concerning MSME including from industry associations. MSMEs sector faces seve…
Tag: Ajay Kumar Kapur
Yogi Adityanath urges SIDBI to set aside Rs 200 cr for start-ups in UP
The Yogi Adityanath government in Uttar Pradesh has urged the Small Industries Development Bank of India (SIDBI) to institute a start-up fund for promoting micro, small and medium enterprises (MSMEs) within the state. Sidbi Deputy Managing Director Ajay Kumar Kapur, said on July 7 that the propos…
Why SIDBI can be a game changer for venture capital industry
Around June last year, entrepreneur-turned-venture capitalist Manish Singhal was looking to raise his first venture fund, and he thought it was the toughest task he had ever undertaken. Singhal had earlier co-founded startup financing platform Letsventure. As he searched far and wide for investor…
Fund-of-Funds: 17 VC firms sanctioned Rs 623.50 cr from govt start-up fund
New Delhi: Since its launch in January 2016, the government’s Rs 10,000 crore Fund-of-Funds for start-ups has faced a few too many brickbats. Up until last month, the conditions for raising capital from the Rs 10,000 crore Fund-of-Funds, which was meant to invest in local venture capital (VC) fun…