Govt allocates INR 283.5 Cr for startup India Seed Fund Scheme
Image Credit: economic times
The government has allocated INR 1,000 Cr for the Fund of Funds for Startups in the Budget 2022, which is lower than the revised estimate of about INR 1,330 Cr for the year 2021-22. The government, in 2016, had set up a Fund of Funds for Startups with a corpus of INR 10,000 Cr. The Small Industries Development Bank of India (SIDBI) is the operating agency for the fund.