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TMI BlogSitharaman announces Rs 10k cr fund of funds scheme for startupsX X X X Extracts X X X X X X X X Extracts X X X X ..... Sitharaman announces Rs 10k cr fund of funds scheme for startups X X X X Extracts X X X X X X X X Extracts X X X X ..... d of Fund of Funds for Startups scheme with a corpus of Rs 10,000 crore to promote growth of budding entrepreneurs. The announcement assumes significance as the government is focusing on promoting i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nnovation through startups. Department for Promotion of Industry and Internal Trade (DPIIT) has recognised over 1.5 lakh startups so far. An action plan for Startup India was unveiled on January 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6, 2016. In the same year, Fund of Funds for Startups (FFS) scheme was launched with a corpus of Rs 10,000 crore, to meet the funding needs of startups. DPIIT is the monitoring agency and Small In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dustries Development Bank of India (SIDBI) is the operating agency for FFS. The total corpus of Rs 10,000 crore was envisaged to be provided over the 14th and 15th Finance Commission cycles based on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... progress of the scheme and availability of funds. It has not only made capital available for startups at early stage, seed stage and growth stage but also played a catalytic role in terms of facili ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tating raising domestic capital, reducing dependence on foreign capital and encouraging home- grown and new venture capital funds. PTI MSS RR ANU X X X X Extracts X X X X X X X X Extracts X X X X
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