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Tag: This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman

Govt Recognizes 223 Starters Only For Rs 10K Cr Funded Startup India Programme

[New Delhi]Govt Recognizes 223 Starters Only For Rs 10K Cr Funded Startup India Programme
223 Out Of 793 Starters Only Recognized For Rs 10000 Cr Under Startup India Programme
793 startups have applied for recognition so far under the ‘Startup India’ programme.
223 startups have been recognized by the Government so far. A ‘Fund of Funds’ (FFS) of INR 10,000 crores for Startups has been established which is being managed by SIDBI. The fund will invest in SEBI registered Alternative Investment Funds (AIFs) which, in turn, will invest in Startups. Till date, SIDBI has sanctioned an amount of Rs.168 crore towards the corpus of 6 AIFs under FFS.
These AIFs shall invest in startups across sectors and States.
At present Govt has no such state-wise, information to share
This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.