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Establishment of Fund of Funds for funding support to Start-ups

News and Press Release - Dated:- 22-6-2016 - The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the establishment of Fund of Funds for Startups (FFS) at Small Industries Development Bank of India (SIDBI) for contributio .....

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The corpus of FFS is ₹ 10,000 crore which shall be built up over the 14th and 15th Finance Commission cycles subject to progress of the scheme and availability of funds. An amount of ₹ 500 crore has already been provided to the corpus of .....

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ndustrial Policy and Promotion (DIPP) which will monitor and review performance in line with the Start up India Action Plan. The FFS emanates from the Start up India Action Plan, an initiative of Department of Industrial Policy & Promotion (DIPP) .....

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A corpus of ₹ 10,000 crore could potentially be the nucleus for catalyzing ₹ 60,000 crore of equity investment and twice as much debt investment. This would provide a stable and predictable source of funding for Start up enterprises and .....

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that India has the potential to build about 2500 highly scalable businesses in the next 10 years, and given the probability of entrepreneurial success that means 10000 Start ups will need to be spawned to get 2500 large scale businesses . Start-ups f .....

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