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Fund of Funds for Start UPS

News and Press Release - Dated:- 26-7-2016 - Government has approved the establishment of Fund of Funds for Startups (FFS). The corpus of FFS is of INR 10,000 crore over a period of 4 years (i.e. INR 2500 crore per year) which shall be released subject to progress of the scheme and availability of funds. ₹ 500 crore was released to Small Industries Development Bank of India (SIDBI) as first tranche in March 2016. ₹ 600 crore has been provided in the budget for the current financial y .....

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to increased production and employment generation. A Monitoring Committee comprising of Department of Industrial Policy and Promotion, Department of Revenue, NITI Aayog, Ministry of Micro, Small and Medium Enterprises, Department of Science and Technology, Department of Bio-technology, Department of Electronics and Information Technology, Department of Higher Education and Small Industries Development Board of India to monitor implementation of the Action Plan of Start-up India initiative has be .....

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