With reference to the Self-Reliant India (SRI) Fund, consider the following statements:1.It is an additional fund provided to companies availing the Production Linked Incentives (PLI) Scheme.2.SRI fund is implemented by a special purpose vehicle called NSIC Venture Capital Fund Limited.Select the correct statements using the codes given below:

Q. With reference to the Self-Reliant India (SRI) Fund, consider the following statements:
1.It is an additional fund provided to companies availing the Production Linked Incentives (PLI) Scheme.
2.SRI fund is implemented by a special purpose vehicle called NSIC Venture Capital Fund Limited.
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B

Notes:

Explanation –

Statement 1 is incorrect. Self-Reliant India Fund was set up in 2021. It is a Category-II Alternative Investment Fund registered with SEBI. It aims to provide growth capital to the deserving and eligible units of the MSME sector.

Statement 2 is correct. SRI fund is implemented by a special purpose vehicle called NSIC Venture Capital Fund Limited.

Source: ForumIAS

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS