Objectives

• SIDBI Venture Capital Fund Ltd., (SVCL) invests on behalf of Ministry of Textiles in the form of equity in MSMEs to kick start an enterprise/ expansion.
• Investments will typically be in innovative private powerloom MSME companies.

Financial Assistance

• Maximum 50% of the project cost with a ceiling of Rs 3 crore is invested by SVCL.

Investment would be made on

• The equity shares and / or instruments convertible into equity of Textile Micro and Small Enterprises.
• Innovative private MSE companies involved in manufacturing and services in powerloom sector.
• New products and technologies or innovative business model which have the potential to bring superior value proposition to the customers will be given preference.
• Companies undertaking expansions which already have sound financial performance are also encompassed in the scope of the fund.