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₹1,000 cr Fund for Startups in Priority Areas Planned by Govt
May 25, 2019
An India Startup Fund with an initial amount of ₹1,000 crores is being planned by the Department of Promotion of Industry and Internal Trade (DPIIT). Under this, a wide range of reforms and new funds will be set up that will focus on areas as clean energy solutions, water and waste management, drones, and cyber security.
A senior government official said that the Center is looking to offer seed funds for cutting edge startups. The goal is to fund 5,000 startups in priority areas, they said.
Photo credit: Got Credit on Visual Hunt / CC BY
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