Who among the following launched the 'Ubharte Sitaare Fund'?
- AMinistry of Micro, Small and Medium Enterprises
- BMinistry of Rural Development
- CMinistry of Education
- DMinistry of Finance
Solution & Step-by-step Explanation
* The 'Ubharte Sitaare Fund' (USF) was officially launched by Union Minister of Finance Nirmala Sitharaman in August 2021.
The fund was jointly set up by Exim Bank and SIDBI to identify and provide structured financial and developmental support to Indian micro, small, and medium enterprises (MSMEs) that possess strong export potential but are currently underperforming or facing scaling challenges.
The fund was jointly set up by Exim Bank and SIDBI to identify and provide structured financial and developmental support to Indian micro, small, and medium enterprises (MSMEs) that possess strong export potential but are currently underperforming or facing scaling challenges.