Karnataka State To Rope In HNIs, Movie Stars For INR 100 Cr Startup Fund
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Karnataka state government will tap family offices and high net-worth individuals (HNIs), including prominent film stars, for its INR 100 Cr startup fund, a senior government official was quoted as saying in a report. The government will provide INR 25 Cr as its share for this and the balance INR 75 Cr will be contributed by other institutions. The state had announced a INR 100 Cr startup fund in the March budget.