How is the govt utilising the â¹10,000 cr fund for startups?
The government has set up a 'fund of funds' of â¹10,000 crore to support innovation-driven startups. The fund, managed by SIDBI, invests in SEBI-registered Alternative Investment Funds which, in turn, invest in startups. The government has released â¹600 crore to SIDBI so far and SIDBI has sanctioned â¹129 crore to various venture funds till date.