Q. Consider the following statements regarding the Startup India Fund of Funds 2.0:
1.It is managed by the Small Industries Development Bank of India and provides capital support to startups through Alternative Investment Funds (AIFs).
2.It directly provides loans to individual startups without involving intermediary funds.
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation: 1 only
Statement 1 is correct: The Fund of Funds 2.0 is managed by SIDBI and invests via AIFs.
Statement 2 is incorrect: It does not directly fund startups; it operates through intermediary funds.
Source: PIB
