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

Finke River Recognised as the World’s Oldest Flowing River

Rivers have shaped human civilization for thousands of years, but some rivers tell stories far…

13 hours ago

Supreme Court Rules Unreserved Seats Open to All Candidates on Merit

In an important ruling strengthening the principle of equality of opportunity, the Supreme Court of…

13 hours ago

Which River is known as the Lifeline of the Thar Desert? Check the Name

In a land where sand stretches far and rain is rare, water becomes the most…

13 hours ago

Which is the Cleanest City in India in 2026?

Cleanliness has become one of the most important measures of a city’s growth and quality…

13 hours ago

Karnataka Reforms Jamma Bane Land Records to Fix Decades-Old Issues in Kodagu

The Karnataka government has taken an important step to modernise land governance in the Kodagu…

13 hours ago

TranslateGemma: Google Launches Open Translation Models Covering 55 Languages

In a major boost to open-source artificial intelligence, Google has launched TranslateGemma, a new collection…

13 hours ago