Categories: National

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

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

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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