Q. Consider the following statements regarding ‘Ubharte Sitaare’ Alternative Investment Fund:
1. It aims to provide debt and equity funding to export-oriented MSMEs.
2. The fund has been set up jointly by NABARD in collaboration with SBI
Which of the above statements is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A
Notes:
  • Statement 1 is correct 
  • Statement 2 is incorrect 

About ‘Ubharte Sitaare’ Alternative Investment Fund: 

  • Aim: To provide debt and equity funding to export-oriented MSMEs as well as providing them with the required technological support to make their businesses more competitive. 
  • Setup by: The fund has been set up jointly by Exim Bank and SIDBI (Small Industries Development Bank of India). 

Source: Article