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SIDBI commits Rs. 10-cr to DICCI SME Fund for Dalit entrepreneurs

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By Vivek K Mob: 00919920183006 Email: Indianshowbusiness@gmail.com

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 of the Dalit Indian Chamber of Commerce & Industry (DICCI) and with proven track record and management capability.

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