Govt my enhance start-up fund to Rs 20,000 cr in Budget 2019: Sources

Even the Economic Survey which was presented on Thursday highligthed the importance of the segment

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Budget 2019:In a bid to rev up the economy, the government might enhance the Start-Up fund in the Budget 2019-20.

According to highly-placed sources, the government is likley to come good on its poll promise of enhancing the fund to Rs 20,000 crore.

The Start-up India programme had created the 'Fund of Funds for Startups (FFS)' with a corpus of Rs 10,000 crore to provide support for Start-ups, over a period of XIV and XV Finance commission cycles.

The Fund was set up with the approval of Union Cabinet in June 2016 and is managed by Small Industries Bank of India (SIDBI) and contributes to the corpus of Alternate Investment funds (AIFs) for investing in...read more

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