Government plans to provide Start-Up Equity Fund With 20% Limited Stake

• ByStartupStory     |    February 28, 2022

The government will establish an equity fund for start-ups with a 20% limited stake in order to provide further funding support to entrepreneurs around the country. 

Rajeev Chandrasekhar, the minister of state for information technology (IT) and electronics, announced this on 26 February 2022. 

The minister was speaking at an event held by the Confederation of Indian Industry (CII), and she mentioned Finance Minister Nirmala Sitharaman’s budget announcement about the fund’s creation.

Climate action, deep tech, digital economy, pharma, and agri-tech are among the crucial sunrise areas that the finance minister announced the creation of government-backed funds to stimulate. 

The government has already established several funds, including the Startup India Seed Fund Scheme (SISFS), with a budget of 945 crore, to assist start-ups in meeting their financing needs.

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