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Govt announces new Fund of Funds scheme with ₹10,000 crore corpus to promote startups

Millennium Post Delhi

February 02, 2025

'Alternate Investment Funds for startups have received commitments of over Rs 91K crore'

NEW DELHI: The government on Saturday announced a new Fund of Funds Scheme (FFS) with Rs 10,000 crore corpus to promote growth of budding entrepreneurs in the country.

In 2016 also, the government had launched a similar scheme, with a corpus of Rs 10,000 crore, with contribution spread over the 14th and 15th Finance Commission cycles.

The scheme was set up to catalyze venture capital investments and is operationalized by Small Industries Development Bank of India (SIDBI), which provides capital to Securities and Exchange Board of India (SEBI)-registered AIFs, which in turn invest in startups.

Esta historia es de la edición February 02, 2025 de Millennium Post Delhi.

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