The authorities is contemplating a proposal to create a Rs 10,000-crore fund to purchase as much as 15% fairness in crisis-hit, however in any other case well-rated, MSMEs that may listing on bourses, an official supply informed FE. The MSME ministry has submitted this plan with the finance ministry.
Separately, the Centre can be weighing one other proposal to create a Rs 10,000-crore fund of funds for these small companies, alongside the traces of the one meant for start-ups. This fund of funds might make downstream investments in enterprise capital and different funding funds that may, in flip, spend money on MSMEs with AAA or AA-rated rankings.
“Various ideas are being debated to help MSMEs tide over the pandemic impact. A decision will soon be announced,” mentioned the supply.
The National Small Industries Corporation beneath the MSME ministry or SIDBI could also be tasked to manage the funds.
Already, the MSME ministry is considering a scheme for credit standing to those companies, based mostly on their annual turnover, exports and GST funds.