PM Modi launches Rs 1,000-crore ‘Startup India Seed Fund’

Prime Minister Narendra Modi has launched Rs 1,000-crore ‘Startup India Seed Fund’ on 16 January 2021, whereas addressing the ‘Prarambh: Startup India International Summit’ 2021. This initiative will assist in organising new startups and promote their progress.

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About the Startup India Seed Fund:

  • The Startup India Seed Fund would help startups in want of preliminary capital to begin and develop their enterprise and assist budding entrepreneurs pursue revolutionary concepts.
  • The authorities has been implementing the Fund of Fund Scheme to assist startups increase fairness capital. Going ahead, the federal government may even assist startups in elevating debt capital.

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