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Fund of Funds for Startups (FFS), launched under Startup India initiative in 2016 has committed Rs. 7,385 crore to 88 Alternative Investment Funds (AIFs). These AIFs in turn have invested Rs. 11,206 crore in 720 startups. FFS has been playing a monumental role in mobilizing domestic capital in Indian startup ecosystem. FFS has announced with a corpus of Rs. 10,000 crore. The corpus is to be built up over 14th and 15th Finance Commission Cycles (FY 2016-2020 and FY 2021-2025) through budgetary support by Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India. Under FFS, support is extended to SEBI registered Alternative Investment Funds (AIFs), which in turn invest in startups. FFS 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 facilitating raising of domestic capital, reducing dependence on foreign capital and encouraging home grown and new venture capital funds. Collectively, the AIFs supported by FFS have a target corpus of over Rs. 48,000 crore.
What percentage of reservation in public employment has the Calcutta High Court directed the West Bengal government to ensure for transgender persons?
Reliance Jio announced that it will be landing a multi-terabit India-Asia-Xpress (IAX) undersea cable system in _________ to directly connect the countr...
Which of the following statements is true about the integration of the Vibrant Villages Programme with the Prime Minister's Gati Shakti project?
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The government has extended the time period for existing stock limits on tur and urad by two months till December 31,2023 this year and revised the stoc...
Ministry of Agriculture & Farmers Welfare has launched a new campaign for banks under Agri Infra Fund titled BHARAT (Banks Heralding Accelerated Rural &...
In which Indian state was the discovery of the new species of cicada, named "Butterfly Cicadas," made?
Under a pilot project, Fair Price Shops (FPS) in India are being renamed as Jan Poshan Kendras. What changes are being introduced in these shops, and wh...
Which two countries have agreed to establish a national currency settlement system for trade?
What is the current repo rate as decided by the Reserve Bank of India (RBI) in its latest Monetary Policy Committee (Dec 2024) review?
Which of the following state government had signed to take Rs 4000 cr loan from ADB to set up medical colleges in its 12 districts?
