Govt to create equity fund for start-ups, to be managed by private fund managers

Author: External Author |

Article by Business Law Chamber

The central government will create a new equity fund for start-ups with a 20% limited stake to provide additional capital support to the entrepreneurs, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Saturday.

The corpus will be managed by private fund managers, the minister said, adding that Finance Minister Nirmala Sitharaman has already made announcement in this regard.

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Original Article Source Credits:   Livemint , https://www.livemint.com/

Article Written By:  NA

Original Article Posted on:  19 Feb 2022

Link to Original Article:  https://www.livemint.com/news/india/govt-to-create-equity-fund-for-start-ups-to-be-managed-by-private-fund-managers-11645281081768.html