{"id":208127,"date":"2022-09-27T19:00:16","date_gmt":"2022-09-27T13:30:16","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=208127"},"modified":"2022-09-27T19:00:16","modified_gmt":"2022-09-27T13:30:16","slug":"govt-commits-rs-7385-crore-under-fund-of-funds-for-startup-india-investment-for-88-alternative-investment-funds-aifs","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/govt-commits-rs-7385-crore-under-fund-of-funds-for-startup-india-investment-for-88-alternative-investment-funds-aifs\/","title":{"rendered":"Govt commits Rs. 7,385 crore under Fund of Funds for Startup India Investment for 88 Alternative Investment Funds (AIFs)"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article<\/span><b> \u201c<\/b><b>Govt commits Rs. 7,385 crore under Fund of Funds for Startup India Investment for 88 Alternative Investment Funds (AIFs)<\/b><b>\u201d<\/b><span style=\"font-weight: 400;\"> published in<\/span><b> PIB <\/b>on<b> 26th September 2022<\/b><\/p>\n<h5><b>What is the News?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">Fund of Funds for startups 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.<\/span><\/p>\n<h5><b>What is the Fund<\/b><b> of Funds for Startups(FFS)?<\/b><\/h5>\n<p><b>Launched in: <\/b><span style=\"font-weight: 400;\">2016 under Startup India Initiative.<\/span><\/p>\n<p><b>Nodal Ministry<\/b><span style=\"font-weight: 400;\">: Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.<\/span><\/p>\n<p><b>Aim: <\/b><span style=\"font-weight: 400;\">To increase capital availability as well as to catalyze private investments and thereby accelerate the growth of the Indian startup ecosystem.\u00a0<\/span><\/p>\n<p><b>Corpus:<\/b><span style=\"font-weight: 400;\"> The fund <\/span><span style=\"font-weight: 400;\">was announced with a corpus of Rs. 10,000 crores. The corpus is to be built up over the 14th and 15th Finance Commission Cycles through budgetary support.<\/span><\/p>\n<p><b>Features:<\/b><span style=\"font-weight: 400;\"> FFS does not invest in startups directly but provides capital to SEBI registered Alternate Investment Funds(AIFs) known as daughter funds which in turn invest money in high-potential Indian startups.\u00a0<\/span><\/p>\n<p><b>Managed by: <\/b><span style=\"font-weight: 400;\">SIDBI has been given the mandate of managing the FFS through the selection of daughter funds and overseeing the disbursal of committed capital.<\/span><\/p>\n<p><b>Significance: <\/b><span style=\"font-weight: 400;\">FFS has not only made capital available for startups at the early stage, seed stage and growth stage but also played a catalytic role in facilitating the raising of domestic capital, reducing dependence on foreign capital and encouraging homegrown and new venture capital funds.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cGovt commits Rs. 7,385 crore under Fund of Funds for Startup India Investment for 88 Alternative Investment Funds (AIFs)\u201d published in PIB on 26th September 2022 What is the News? Fund of Funds for startups has committed Rs 7,385 crore to 88 alternative investment funds (AIFs). These&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/govt-commits-rs-7385-crore-under-fund-of-funds-for-startup-india-investment-for-88-alternative-investment-funds-aifs\/\">Continue reading <span class=\"screen-reader-text\">Govt commits Rs. 7,385 crore under Fund of Funds for Startup India Investment for 88 Alternative Investment Funds (AIFs)<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[3590],"class_list":["post-208127","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-pib","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700806501,"cached_date":1704950284},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/208127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=208127"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/208127\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=208127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=208127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=208127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}