India Opportunities Venture Fund (IOVF) as announced in the Union Budget 2012-13 has been operationalised by Small Industries Development Bank of India (SIDBI) with effect from August 1, 2012. The IOVF envisages enhancing the availability of equity / risk capital to micro, small and medium enterprises (MSME) sector. IOVF provides direct assistance to MSMEs as well as indirect assistance by way of Fund of Fund operations.
As on March 31, 2013, the Fund has committed direct assistance of Rs.230.82 crore to 120 MSMEs, the State/UT-wise details of which are:
State/Union Territory-wise details of assistance provided under IOVF (as on 31.3.2013)
(Rs. in Crore)
|
Direct Assistance |
|||
|
State/ UT |
Number of MSMEs |
Sanction |
|
| Chandigarh |
5 |
10.40 |
|
| Chhattisgarh |
1 |
2.00 |
|
| Goa |
1 |
0.25 |
|
| Gujarat |
5 |
14.05 |
|
| Haryana |
27 |
40.57 |
|
| Karnataka |
5 |
8.63 |
|
| Madhya Pradesh |
1 |
2.90 |
|
| Maharashtra |
32 |
89.14 |
|
| Delhi |
4 |
4.00 |
|
| Punjab |
6 |
9.35 |
|
| Rajasthan |
16 |
27.52 |
|
| Uttar Pradesh |
4 |
5.85 |
|
| Uttarakhand |
1 |
2.00 |
|
| Tamil Nadu |
12 |
14.16 |
|
| Total |
120 |
230.82 |
|
| Indirect Assistance – Fund of Funds* | |||
| Total |
174.00 |
||
| Grand Total |
404.82 |
||
*Under Fund of Funds, venture capital funds invest across India.
Source: SIDBI
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