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Minister for Telecom & IT to Launch Electronics Development Fund (EDF)

News and Press Release - Dated:- 13-2-2016 - Department of Electronics & Information Technology and M/s. Canbank Venture Capital Fund Ltd will Launch Electronics Development Fund (EDF) on Monday in Mumbai. Shri Ravi Shankar Prasad, Hon ble Minister for Communications & Information Technology will formally announce the launch with handing over of the letter of commitment to the first group of Daughter Funds under EDF. The Electronics Development Fund Policy was launched by Hon ble Prime M .....

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ics and Information Technology (IT). The target beneficiaries of the EDF will be Daughter Funds (set up to achieve the objectives of the EDF policy) registered in India and abiding by the relevant rules and regulations including the SEBI regulations on Venture Funds. The corpus of a Daughter Fund will be determined by market requirements and the capacity of its Fund Manager to cater to the requirements of the Fund. The supported Daughter Funds will promote innovation, R&D and product develop .....

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