The target group for SRI Fund, through the Daughter Funds would be MSMEs, who have a marked potential to grow, but are unable to do so because their requirement for growth capital remains unfulfilled. Funds from SRI Fund should be dispersed to create an impact across the Nation and entities in farthest regions of the country can access this funding
The funding (via the Daughter Funds) would be aimed at all existing and interested MSMEs which, after assessment, are found viable, whose growth trajectory is positive, and who have a defined business plan for growth indicating positive funds flow. Previous 3 years CAGR will be considered and due weightage will be given to the respective MSMEs potential to grow.
The Fund will also factor in non-monetary aspects, in terms of employment, reduction in regional disparity, overall economic development and establishing supply chains with depth and resilience.
Non Profit institutions, NBFCs, financial inclusion sector, micro credit sector, SHGs and financial intermediaries shall not be eligible for consideration.