Categories: Schemes

Finance Ministry launched ‘Ubharte Sitaare Fund’

Union Finance Minister Nirmala Sitharaman has launched an ambitious ‘Ubharte Sitaare Fund’ -USF for export-oriented firms and startups in a program at Lucknow. The Fund aims at arranging funds for the promotion of micro, small and medium companies. The fund has been set up by Exim Bank and SIDBI. This scheme will be successful in Uttar Pradesh as the state has the highest number of MSMEs.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

About the programme:

  • India Exim Bank’s Ubharte Sitaare Programme (USP) identifies Indian companies that have the potential to be future champions in the domestic arena while catering to global demands.
  • The fund is a mix of structured support, both financial and advisory services through investments in equity or equity-like instruments, debt (funded and non-funded) and technical assistance (advisory services, grants and soft loans) to the Indian companies.

Find More News Related to Schemes & Committees

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Razorpay Launches AI Agent Studio For the Smart Payment Automation for Businesses

Indias fintech company Razorpay has introduced a new AI platform called Agent Studio. This studio…

33 mins ago

Agni-2 vs Shahab-3 Missile Comparison: Range, Speed, and Power

Ballistic missiles play a crucial role in modern military strategy, providing countries with long-range strike…

37 mins ago

India Plans ₹1 Trillion Fund to Boost Chip Manufacturing

India is set preparing to launch a ₹1 trillion ($11 billion) semiconductor fund. This fund…

1 hour ago

India’s Agni-4 vs Pakistan’s Shaheen-II: Range, Payload and Capability Comparison

India and Pakistan have developed advanced ballistic missile systems as part of their strategic deterrence…

1 hour ago

Agni Missile vs Khorramshahr Missile: Range, Speed and Power Comparison

Ballistic missiles are among the most powerful strategic weapons used by countries for deterrence and…

1 hour ago

Which Place is known as the Diamond Capital of the World?

Did you know that diamonds travel across the world before reaching jewelry stores? These sparkling…

15 hours ago