SIDBI commits Rs. 10-cr to DICCI SME Fund for Dalit entrepreneurs
SIDBI commits Rs. 10-cr to DICCI SME Fund for Dalit entrepreneurs Becomes the first FI to support the DICCI SME Fund created to support SC/ST/ Dalit entrepreneurs Mumbai, June 6, 2013: SIDBI, the apex financial institution for promotion, financing and development of Micro, Small and Medium Enterprises (MSMEs), has become the first financial institution (FI) to support the first-of-its-kind DICCI SME Fund for investment in companies promoted by SC/ST entrepreneurs. In the presence of Union Finance Minister Shri P. Chidambaram, SIDBI’s Chairman and Managing Director Shri Sushil Muhnot handed over a commitment letter to Shri Milind Kamble, Chairman of DICCI (Dalit Indian Chamber of Commerce & Industry) contributing Rs. 10 crore to the Rs. 100-crore corpus of DICCI SME Fund. The Fund will be largely ‘sector agnostic’ and will be investing in high growth companies (promoted by SC/ST/ Dalit entrepreneurs) that are SMEs; members...