AMN
Micro, Small and Medium Enterprises (MSMEs) secretary A K Sharma today said, over 3 lakh people have registered in nearly two months through the new registration process on the Udyam portal.
He said that the process for registration of MSMEs through the government website is absolutely free and cautioned the public not to fall prey to fake websites.
Speaking at a webinar organised by Confederation of Indian Industry (CII), Mr Sharma said, private equity funds and venture capital funds will be invited soon. He said, for this purpose, a Fund of Funds with a corpus of Rs 10,000 crore is to be set up to provide equity funding for MSMEs with growth potential and viability.
The Fund of Funds scheme is intended to help those businesses who are in their nascent and initial stages, where there are almost no prospects to raise funds through the help of professional corporations or venture capitalists.