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PM Modi launches Rs 1,000-crore ‘Startup India Seed Fund’

Sumit Arora Published On January 18th, 2021 Leave a comment

Prime Minister Narendra Modi has launched Rs 1,000-crore ‘Startup India Seed Fund’ on 16 January 2021, while addressing the ‘Prarambh: Startup India International Summit’ 2021. This initiative will help in setting up new startups and promote their growth.

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About the Startup India Seed Fund:

The Startup India Seed Fund would support startups in need of initial capital to start and grow their business and help budding entrepreneurs pursue innovative ideas.
The government has been implementing the Fund of Fund Scheme to help startups raise equity capital. Going forward, the government will also help startups in raising debt capital.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.