Funds for Startups

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..... Funds for Startups
News and Press Release
Dated:- 22-7-2016

Government has approved the setting up of Fund of Funds for Startups (FFS) with a corpus of ₹ 10000 crore. ₹ 500 c .....

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..... rore have been released in the Financial Year 2015-16 to Small lndustries Development Bank of India (SIDBI) to start its operations and ₹ 600 crore has been earmarked for Financial Year 2016-17. .....

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..... As a Fund of Funds, FFS would not invest directly in Startups, but would participate in the capital of Securities and Exchange Board of India (SEBI) registered Alternate Investment Funds (AIF). FFS i .....

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..... s designed to support l8 lakh jobs at full deployment. FFS would be sector agnostic enabling it to support a broad mix of startups set up by all categories of people. The Startup will act as a catalys .....

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..... t to attract private capital by way of equity, quasi-equity, soft loans and other risk capital for start-up companies. This information was given by Minister of State for Finance Shri. Arjun Ram Megh .....

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..... wal today in reply to a Lok Sabha question.
News - Press release - PIB .....

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