Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Govt allocates Rs.163-Cr to 41 incubators under Startup India Seed Fund Scheme
As on November 25 this year, INR 163.30 crore has been allocated to 41 incubators selected so far under ‘Startup India Seed Fund' scheme. About INR 945 crore has been sanctioned under the scheme for years starting from 2021-22. As of October 2021, INR 2,291.29 crore has been allocated by the government to Small Industries Development Bank of India (Sidbi), the implementing agency, under Fund of Funds for Startups (FFS) Scheme. A corpus of INR 10,000 crore has been sanctioned under FFS Scheme, spread over 14th and 15th Finance Commission cycles.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.