India Aspiration Fund & India Loan for Enterprises (SMILE) General Economics & Indian Economy

Q.  Which of the following statements is/are correct?

1. India Aspiration Fund (IAF) would invest in venture capital funds with initial corpus of Rs. 2,000 crore.
2. SIDBI Make in India Loan for Enterprises (SMILE) is a debt-fund with Initial corpus of Rs. 10, 000 crore
- Published on 01 Aug 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Both
 
SIDBI under the first fund India Aspiration Fund (IAF) would invest in venture capital funds for meeting the equity requirement of MSME start-ups and for this the initial corpus of Rs. 2,000 crore has been set. Life Insurance Corp. of India (LIC) will be a partner and co-investor in this fund. Under second fund the SIDBI Make in India Loan for Enterprises (SMILE) is a debt-fund which will carter soft term loans to MSMEs to meet debt-to-equity norms and pursue growth opportunities, SIDBI has set Initial corpus of Rs. 10, 000 crore under SMILE fund.

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