The centre has approved setting up the Electronic Development Fund Tele communication Minister with a total corpus of Rs. 6,831 crore to support entrepreneurship and innovation in electronics and IT.
The Minister of Law and IT, Ravi Shankar Prasad approved a seed capital of Rs 681 crore on the basis of which more venture capital will be raised.
The Electronic Development Fund will help to contribute to various other funds under it forthose who invest the money in companies for creation of intellectual property rights in the field of electronics and IT. So, let’s discuss some questions related to this post:
Q1. The centre has approved recently setting up the Electronic Development Fund Tele communication Minister with a total corpus of….?
Ans1. Rs. 6,831 crore
Source- Business Standard