Fund of Funds Scheme (FFS): Powering India’s Startup Revolution Credit: SIDBI The Fund of Funds for Startups (FFS), launched in 2016 under the Startup India initiative, has emerged as a cornerstone of India’s entrepreneurial ecosystem. As of December 31, 2022, the scheme has committed ₹7,980 crore to 99 Alternative Investment Funds (AIFs) and disbursed ₹3,400 crore to 72 AIFs, […]
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Why in News? Recently, Minister of Railways, Commerce & Industry, Consumer Affairs and Food & Public Distribution launched the Startup India Seed Fund Scheme (SISFS). Launched On: 19th April, 2021 Time Period: For the period of next 4 Years starting from 2021-22. Aim: To provide financial assistance to startups for proof of concept, prototype development,
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Why in News ? On 16th January, PM Modi interact with Startups and addresses ‘Prarambh : Startup India International Summit 2021′. It held Virtually (via Video Conferencing). Key Points : • This summit organized by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry. • PM Modi said, India is
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