Fund of Fund for Start ups Current Affairs - 2019

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Cabinet approves of proposal to establish a Fund of Fund for Start-ups

The Union Cabinet has approved proposals to tweak Fund of Funds of Start-ups (FFS) rules to enable greater flow of resources. FFS was established in June 2016 with a corpus of Rs. 1,000 crores. The proposals approved are Alternate Investment Funds (AIFs) supported by FFS shall invest at least twice the amount of contribution received Read More…

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