STARTUP INDIA SEED FUND SCHEME

Subject : Government Schemes

Context : Union Minister for Commerce and Industry, PiyushGoyal today launched the Startup India Seed Fund Scheme (SISFS)

Concept :

It is a Rs 1,000-crore seed fund for startups.
The scheme will help startups with the initial capital for growth and operations.
The government will provide guarantees to help startups raise debt-capital in order to build a startup ecosystem which functions on the ‘of the youth, by the youth, for the youth’ mantra.
It is the need of the hour that the technologies of the future come out of the lab of Asia and the entrepreneurs of the future should be prepared from here.

Fund of Fund Scheme

It is a scheme that invests in units of other Mutual Fund (MF) schemes.
The FoF is an MF scheme but one that does not invest directly in stocks or securities but in other MF schemes.
It gives the investor an opportunity to invest in different schemes managed by different fund managers.