The minister for MSME and Road Transport and Highways said the fund will provide relief to the micro, small and medium enterprises (MSMEs) sector to a certain extent.
He said the corpus will be a mobile fund that will help increase liquidity in the market.
Interacting with representatives of Assocham via video-conferencing, the minister asked the industry chamber to explore a technical joint venture through investment of capital between Indian industry and major global corporations.
Gadkari also suggested that the industry body compile investment data regarding companies from the US, the UK and other nations present in China and invite them to set up businesses in India.
The minister said he is willing to monitor this initiative to expedite all the required permissions in this regard.
Besides, Gadkari said he would take up the issue of expediting GST and income tax refunds with Finance Minister Nirmala Sitharaman to ease MSMEs' liquidity issue.
"I am also going to recommend to the finance minister that since computerised systems are in place for GST and income tax refunds, why can't we expedite the system and process refunds within 8 days," he said.