Startup fund gets nod

NEW DELHI: The Cabinet on Wednesday approved a Rs 10,000-crore ‘Fund of Funds for Startups’. The move is likely to generate employment for 18,00,000 people. This

NEW DELHI: The Cabinet on Wednesday approved a Rs 10,000-crore ‘Fund of Funds for Startups’. The move is likely to generate employment for 18,00,000 people. This is in line with the ‘Startup India Action Plan’ unveiled by the government in January. Small Industries Development Bank of India (SIDBI) will manage the day-today operations of the fund.

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