Prime Minister Narendra Modi announced launching of Startup India seed fund with 1,000 crore rupees so that there is no shortage of seed money for startups.
About:
This was announced during the ‘Prarambh: Startup India International Summit’.
This will help in starting and growing new startups.
Fund of funds scheme is already helping startups raising equity capital. The Government will also help the startups in raising capital through guarantees.
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