Business Standard

BS READS: What Rs 50,000-crore MSME Fund can learn from its start-up sister

The Rs 50,000-crore MSME fund of funds has an uphill task ahead, but there's plenty it can learn from problems with the Rs 10,000 crore start-up fund of funds launched five years ago

BS READS: What MSME Fund can learn from its Rs 10,000-crore start-up sister

The proposed MSME fund-of-funds will be on the lines of the ongoing start-up fund-of-funds scheme launched in 2015 with a corpus for Rs 10,000 crore

Yuvraj Malik
The lockdown enforced across India on March 24 to prevent the spread of coronavirus put several small firms out of business and cast a cloud over the future of many others. But heads turned when a start-up stalwart spoke about it.

“If Covid-19 lockdown had happened in my childhood, my father's small business would have failed and I would have grown up in poverty instead of a middle-class household,” Flipkart co-founder Sachin Bansal wrote in a Twitter post on May 12.

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First Published: Jun 25 2020 | 11:48 AM IST

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