Estimated reading time: 2 minutes
Fund of Funds (FFS) scheme for startups has given a big boost to the Indian startup ecosystem. Sanctioned in 2016 with a corpus of Rs 10,000 crore, the scheme is designed to provide domestic capital to growing startups in the country. Minister of State for Commerce & Industry, Shri Som Prakash recently informed that by 31st December 2022 Rs. 7,980 crores has been committed to ninety-nine Alternative Investment Funds (AIFs) and Rs. 3,400 crores has been disbursed to 72 AIFs, resulting in an investment of Rs. 14,077 crores in 791 Startups.
The FFS Scheme does not directly invest in startups, instead, it provides capital to SEBI-registered AIFs, also known as daughter funds. The Small Industries Development Bank of India (SIDBI) operates the Fund, selecting suitable daughter funds and overseeing the disbursal of committed capital. The AIFs supported under FFS are required to invest at least 2 times the amount committed under FFS in startups.
Under the Startup India initiative, the government is constantly undertaking efforts to develop and grow the startup ecosystem in the country. In addition to the FFS Scheme, the Startup India Seed Fund Scheme (SISFS) and Credit Guarantee Scheme for Startups (CGSS) support startups at various stages of their business cycle, enabling them to raise investments or loans from various sources.
The government also conducts flagship annual exercises and programs, including the States’ Startup Ranking, National Startup Awards, and Innovation Week, which play an important role in the holistic development of the startup ecosystem.
The government also seeks regulatory and policy-related recommendations through stakeholder consultations to enhance the ease of doing business and reduce the compliance burden for the startup ecosystem. Additionally, the government facilitates the participation and engagement of the Indian startup ecosystem on international platforms.
TThe FFS Scheme has played an important role in wealth creation, employment generation, inclusive growth, and recognition for startups, as reported by SIDBI. The government’s efforts to support and grow the Indian startup ecosystem will continue to play a critical role in the country’s economic development.
Latest Stories
During recent rallies in Junagadh and Jamnagar, PM Modi addressed the crowd, expressing their enthusiasm and spirit. However, amidst the fervor, Modi took the opportunity to criticize the Congress party's approach to politics.…
Click here to Read more
The National Center for Seismology (NCS) has reported a seismic event in Tengnoupal, Manipur, India, with a magnitude of 3.2 on the Richter scale. The earthquake occurred on May 2, 2024, at 08:45:34…
Click here to Read more
The Enforcement Directorate's (ED) Gurugram Zonal Office has made a significant breakthrough in the investigation into the siphoning of homebuyers' funds related to projects in Gurugram. Sikandar Singh Choker, son of MLA Dharam…
Click here to Read more
In a significant development highlighting the synergy between military and civilian leadership, General Anil Chauhan, the Chief of Defence Staff, held a meeting with Hon'ble Vice-President Jagdeep Dhankhar at the Vice-President Enclave. The…
Click here to Read more
In a heartwarming display of camaraderie and mutual respect, Prime Minister Narendra Modi shared his experience of meeting Jam Saheb Shri Shatrusalyasinhji during his visit to Jamnagar. Modi expressed his admiration for the…
Click here to Read more
In a notable visit to Ayodhya, Uttar Pradesh, the President of India, Smt Droupadi Murmu, made a series of meaningful stops that underscored the spiritual and cultural significance of the ancient city. Darshan…
Click here to Read more
As the month of May unfolds, the Indian Meteorological Department (IMD) has provided valuable insights into the weather patterns expected to prevail over Assam & Meghalaya. According to the latest forecast issued by…
Click here to Read more
Ananya Panday delighted her fans on social media by introducing her new pet dog, RIOT, through adorable pictures. Expressing her affection, she described RIOT as "the cutest little boy in the whole wide…
Click here to Read more
Shahid Kapoor and Mira Rajput continue to be one of Bollywood's most beloved couples, setting relationship standards with their endearing chemistry. Their public outings and social media interactions consistently charm fans, making them…
Click here to Read more
Actress Sara Ali Khan is riding high on the success of her recent films, "Murder Mubarak" and "Ae Watan Mere Watan". Known for sharing glimpses of her life on social media, Sara's latest…
Click here to Read moreThe Indian Meteorological Department (IMD) has issued a weather advisory indicating the likelihood of isolated heavy to very heavy rainfall in the northeastern states of Assam and Meghalaya. According to IMD forecasts, these…
Click here to Read more
Get ready for a cinematic treat like no other as the dynamic duo of Akshay Kumar and Arshad Warsi reunite for the highly anticipated "Jolly LLB 3". With Warsi already delving into his…
Click here to Read more
Rainfall Warning: The Indian Meteorological Department (IMD) has issued a weather advisory forecasting isolated heavy to very heavy rainfall in the northeastern states of Nagaland, Manipur, Mizoram, and Tripura on the 2nd, 5th,…
Click here to Read more
Renowned actor Gulshan Grover recently took to social media to share his excitement about watching "Heeramandi: The Diamond Bazaar" at a special screening hosted by his close friend, Manisha Koirala. Celebrating Friendship: In…
Click here to Read more
After an extensive hiatus of nearly 11 years, beloved actors Diljit Dosanjh & Neeru Bajwa are set to reunite for the third instalment of the highly popular franchise, "Jatt and Juliet". Exciting Announcement:…
Click here to Read more
The India Meteorological Department (IMD) has issued a warning for East and South Peninsular India, indicating the persistence of heat wave to severe heat wave conditions until May 3rd. However, the situation is…
Click here to Read more
President Droupadi Murmu embarked on a significant journey to Ayodhya, Uttar Pradesh, marking her first visit since the consecration of the Ram temple earlier this year. Amidst media attention, President Murmu paid homage…
Click here to Read more
The India Meteorological Department (IMD) has issued a warning for Northeast India, forecasting a heavy to very heavy rainfall spell accompanied by thunderstorms and gusty winds. The alert spans from May 2nd to…
Click here to Read more
Katrina Kaif extended warm birthday wishes to her close friend and Bollywood colleague, Anushka Sharma, as the latter celebrated her 36th birthday. Sharing a delightful photo on social media, Katrina expressed her affection,…
Click here to Read more
The much-anticipated release date of the series "Panchayat Season 3" has finally been revealed, sending fans into a frenzy of excitement. Set to premiere on May 28, 2024, the unexpected announcement has left…
Click here to Read more
The Ministry of Health and Family Welfare has decided to remove Prime Minister Narendra Modi's photo from the CoWIN certificates issued for COVID-19 vaccinations. The certificates used to have pictures of Mr. Modi…
Click here to Read more
The popular show "Yeh Rishta Kya Kehlata Hai," featuring Samridhii Shukla and Rohit Purohit, has captivated audiences with its recent storyline. Viewers are intrigued by the evolving dynamics between Abhira, Armaan, and Ruhi.…
Click here to Read more
Actress Rupali Ganguly, renowned for her roles in popular series like 'Anupama' and 'Sarabhai vs Sarabhai', made headlines as she joined the Bharatiya Janata Party (BJP) ahead of the third phase of Lok…
Click here to Read more.jpg "Surat Radiates Blissful Vibes During Yoga Mahotsav: A Prelude to International Day of Yoga 2024 24")
Surat, known for its vibrant culture and bustling energy, was transformed into a haven of tranquility as it hosted the 'Yoga Mahotsav,' a grand celebration leading up to the International Day of Yoga…
Click here to Read more
Early this morning, residents of Tengnoupal, Manipur, India, experienced a seismic event as an earthquake of magnitude 3.2 shook the region. The tremor occurred precisely at 08:45:34 IST, sending ripples of concern throughout…
Click here to Read more
Aryan Khan, son of Bollywood superstar Shah Rukh Khan, is making waves with his upcoming debut series titled "Stardom". Recent reports reveal that Aryan has roped in talented actress Mona Singh for a…
Click here to Read more
Hema Malini, the evergreen Bollywood diva, celebrated her wedding anniversary with Dharmendra by sharing a heartwarming fan-made video on Twitter. The video captured moments from their journey together, starting from their early days…
Click here to Read more
Bollywood stalwart Suniel Shetty, celebrated for his roles in iconic films like "Dhadkan" and the "Hera Pheri" series, unveiled his latest avatar on social media. Donning an all-white snow suit with matching boots…
Click here to Read more
Saba Pataudi's Birthday: Saif Ali Khan and Soha Ali Khan's sister, Saba Pataudi, marked her birthday on May 01 with a joyous celebration among family members. Soha delighted fans by sharing glimpses of…
Click here to Read more
Teaser Released: Pawan Kalyan fans, brace yourselves! The much-awaited pan-India film, "Hari Hara Veera Mallu," starring the charismatic actor in the titular role, is gearing up for a groundbreaking release in not one,…
Click here to Read more
Renowned directors S.S. Rajamouli, Koratala Siva, Anil Ravipudi, and Gopichandh Malineni came together at a glitzy event in Hyderabad to unveil the much-anticipated trailer of "Krishnamma". This event marked a collaboration of creative…
Click here to Read more
Aries (March 21 - April 19) Under the fiery influence of Mars, Aries, brace yourself for a surge of energy and determination. This period marks a time of dynamic action and assertiveness. Embrace…
Click here to Read more
Known for her love of nature, actress Shehnaaz Gill recently shared enchanting photos on social media, showcasing her deep connection with the outdoors. Captioned "mazze main raho," the images capture her joy as…
Click here to Read more
Kiran Rao's directorial venture, "Laapataa Ladies," hit theaters on March 1, 2024, receiving widespread acclaim from critics and audiences alike. The film's compelling narrative and stellar performances garnered praise, prompting a release on…
Click here to Read more
The much-awaited sequel to the 2021 blockbuster "Pushpa: The Rise," "Pushpa 2: The Rule," directed by Sukumar Bandreddi, is generating immense anticipation among fans. Today, the makers treated audiences to the film's inaugural…
Click here to Read more
Kriti Sanon is currently riding high on the waves of success with her consecutive hits, "Teri Baaton Main Aisa Uljha Jiya" and "Crew," both making a significant mark at the box office. With…
Click here to Read more
Bipasha Basu and Karan Singh Grover celebrated their 8th wedding anniversary yesterday, marking another milestone in their journey of love. The couple, who first met on the sets of "Alone," have since become…
Click here to Read more
Recently, Ira Khan took to social media to offer fans a glimpse into a delightful gathering with her father, Aamir Khan, renowned actress Rani Mukerji, and her husband, Nupur Shikhare. The evening appeared…
Click here to Read more
Actress Aditi Rao Hydari, currently immersed in promoting her highly anticipated show "Heeramandi" with Sanjay Leela Bhansali, recently dazzled fans with her sartorial choice. Sharing pictures in a captivating navy blue anarkali adorned…
Click here to Read more
Beloved for her role as Kinjal in the TV series "Anupamaa," Nidhi Shah recently graced the screening of "Broken News Season 2," much to the delight of fans. However, it was her heartwarming…
Click here to Read more
Actress Rupali Ganguly, who turned a year older on April 5, celebrated her birthday in style with a grand bash in the city on April 30. Despite spending her special day with family…
Click here to Read more
Jasmin Bhasin and Aly Goni, a couple adored by many since their Bigg Boss 14 days, are currently basking in the beauty of Mauritius. Their vacation is not just about relaxation but also…
Click here to Read more
