In June this year, Govt. of India had created a special Rs 10,000 crore worth fund of funds for Indian startups, which expected to generate 18 lakh jobs. Under this scheme, Small Industries Development Bank of India (SIDBI) was empowered to allocate funds to various Alternate Investment Funds (AIF) registered under SEBI, which in turn […]
The post DIPP Proposes Collaterals-Free Loans For Startups; Only Rs 1100 Cr Disbursed Via Rs 10k Cr Fund of Funds Till Now! first appeared on Trak.
By the time 2015 ends, Indian eCommerce industry will be worth Rs 1 lakh crore (as per IAMAI’s latest research). But the irony is that, Government of India is still undecided on it’s basic premises, including it’s definition and the...
The Small Industries Development Bank of India has sanctioned Rs 1,000 crore to 30 venture funds through the government-financed India Aspiration Fund,
JobSenz, an ed-tech startup operating in India, has been selected by Facebook to fund under its startup programme known as “FbStart”. As
In order to give a boost to domestic manufacturing of electronic goods and to encourage innovation among local manufacturers, Government of India has launched a special Electronics Development Fund (EDF) worth Rs 10,000 crore. Canba...