Ministry of Corporate Affairs

22.06.2016

Company

Fund of Funds to support startups

MANU/PIBU/0502/2016

The Central government approved establishment of ‘Fund of Funds for Startups’ at the Small Industries Development Bank of India to extend funding support for startups.

Corpus of the fund is expected to reach Rs. 10,000 crore, however at present stands at Rs. 500 crore.

Tags : Startups central aid sidbi

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