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    Question

    There is no provision under Startup India initiative for

    sanctioning of funds to startups directly. However, Government of India has established a Fund of Funds for Startups (FFS) with corpus of_________, to meet the funding needs of startups.
    A Rs. 10,000 crores Correct Answer Incorrect Answer
    B Rs. 12,000 crores Correct Answer Incorrect Answer
    C Rs. 15,000 crores Correct Answer Incorrect Answer
    D Rs. 8,000 crores Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Explanation: There is no provision under Startup India initiative for sanctioning of funds to startups directly. However, Government of India has established a Fund of Funds for Startups (FFS) with corpus of Rs. 10,000 crores, to meet the funding needs of startups. Department for Promotion of Industry and Internal Trade (DPIIT) is the monitoring agency and Small Industries Development Bank of India (SIDBI) is the operating agency for FFS.

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