Start learning 50% faster. Sign in now
Get Started with ixamBee
Start learning 50% faster. Sign in nowFund of Funds for Startups (FFS), launched under Startup India initiative in 2016 has committed Rs. 7,385 crore to 88 Alternative Investment Funds (AIFs). These AIFs in turn have invested Rs. 11,206 crore in 720 startups. FFS has been playing a monumental role in mobilizing domestic capital in Indian startup ecosystem. FFS has announced with a corpus of Rs. 10,000 crore. The corpus is to be built up over 14th and 15th Finance Commission Cycles (FY 2016-2020 and FY 2021-2025) through budgetary support by Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India. Under FFS, support is extended to SEBI registered Alternative Investment Funds (AIFs), which in turn invest in startups. FFS has not only made capital available for startups at early stage, seed stage and growth stage but also played a catalytic role in terms of facilitating raising of domestic capital, reducing dependence on foreign capital and encouraging home grown and new venture capital funds. Collectively, the AIFs supported by FFS have a target corpus of over Rs. 48,000 crore.
Article 85 of the Indian Constitution deals with which of the following aspects?
TRIPS is the term associated with
Who was India's first female judge at the Supreme Court?
Which of the following is correct with reference to Financial Emergency under Article 360?
Which one of the following is not comes under Concurrent list ?
The authority to establish and regulate telecommunication networks in India falls under which list?
The idea of a Constituent Assembly of India was first put forward by:
Which of the following pairs is/are correctly matched?
Mars Mission Country
1. Tianwen-1 ...
Who is termed as the first law officer of India?
Which of the following statements in the context of the National Commission for Backward Classes (NCBC) is not correct?