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Odisha launches MSME fund

Infrastructure Finance
October 1, 2014October 1, 2014
Odisha launches MSME fund
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To promote micro, small and medium industries (MSME) in the state, the Odisha government has launched a venture capital fund worth Rs 100 crore. An MoU was signed recently for the purpose between Odisha government´s MSME department and GVFL, Ahmedabad. While Odisha government as sponsor of the fund would invest about Rs 50 crore, balance Rs 50 crore would be raised from financial institutions, banks, insurance companies, the Centre and others.

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