Satin Growth Alternatives Ltd (SGAL), part of Satin Creditcare Network Ltd (SCNL), has secured regulatory approval from the Securities and Exchange Board of India (SEBI) to launch a ₹200 crore (approximately $24 million USD) Alternative Investment Fund (AIF). This fund, structured as a Category II fund, will focus on investments in women-led businesses and sustainable development initiatives. The average investment size is expected to be between ₹4 crore and ₹10 crore. Dr. HP Singh, chairman of SCNL, expressed enthusiasm about supporting innovative and high-potential businesses through this initiative. He highlighted the fund's dual goal of achieving strong financial returns while making a meaningful impact. Shivika Sethi, a seasoned venture capital professional, will lead the fund, bringing 14 years of experience in managing substantial funds. Aditi Singh, director of SGAL, noted that the fund's strategy is centered on empowering women-led businesses, fostering inclusion, and creating last-mile opportunities.