Submitted By: Shweta Verma
MINISTRY OF COMMERCE AND INDUSTRY (Department for Promotion of Industry and Internal Trade) (STARTUP INDIA SECTION) NOTIFICATION
The Central Government has approved the establishment of ‘Startup India Fund of Funds 2.0’ with a total corpus of Rs. 10,000 crore for the purpose of mobilizing venture capital for the startup ecosystem of the country. The Scheme shall be known as the ‘Startup India Fund of Funds 2.0 (Startup India FoF 2.0)’. It shall come into force from date of this notification, with commitments to AIFs spread over the 16th and 17th Finance Commission Cycles.
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