The fund is now targeting first close as its next milestone, already backed by strong soft commitments. Its debut Rs 200 crore Category II Alternative Investment Fund aims to back businesses around Inclusion, Sustainability and Impact with an average ticket size of Rs 4 to 5 crore going upto Rs 10 crore.
Leveraging SCNL’s unmatched presence across 550+ districts, SGAL-Scheme 1 offers superior portfolio sourcing through grassroots-level vetting of high-potential businesses. The fund’s innovative quasiequity/debt instruments perfectly balance downside protection with equity upside potential, the company said in a statement.
The fund will be led by VC and consulting professional Shivika Sethi (Partner at SGAL since October 2025, with around 14 years of experience). Earlier, she had managed two USD 100 million funds and led numerous investments.
“As a first-generation entrepreneur and a strong advocate of innovation and women empowerment, I am particularly excited about the kind of disruptive and high potential businesses that SGAL-Scheme 1 aims to support,” HP Singh, Chairman cum Managing Director of Satin Creditcare Network Ltd, said in a statement.
“This initiative not only reflects our commitment to fostering inclusive and sustainable growth, but also creates an opportunity for our talented team to step into larger leadership roles. I look forward to seeing how they evolve, take ownership, and contribute to building a differentiated investment platform that delivers both strong financial returns and meaningful impact,” he added.
“At its core, the strategy is designed to empower women-led and women-focused businesses, enabling greater financial inclusion and unlocking opportunities at the last mile. By bridging the gap between traditional debt and equity, we aim to provide flexible, growth-oriented capital to enterprises that are often underserved. In today’s dynamic market environment, this approach not only strengthens resilience but also drives sustainable value creation—fostering entrepreneurship, advancing gender equity, and delivering meaningful impact alongside strong returns,” Aditi Singh, Director SGAL and Chief Strategy Officer SCNL, said.
