Government meet to discuss fund for startups
NEW DELHI: The department for promotion of industry and internal trade (DPIIT) is holding a meeting with alternate investment funds (AIFs) here to discuss ways to promote funding for startups in the country, an official said. The official added that as many as 75 AIFs are expected to participate in the deliberations. Issues like capital mobilisation and promoting funding for startups in smaller cities will be discussed during the meeting, the official added.
Under the Centre‘s Fund of Funds Scheme (FFS), support is extended to Sebi-registered AIFs, which in turn invest in startups.
