Miscellaneous,Miscellaneous sector projects by Government Of India in
Project Information
4889
Government Of India
The Indian Government Has Outlined A Plan To Set Up Rs.5,000 Crore (Nearly $1 Billion) Fund To Facilitate Innovation And Entrepreneurship. The Government Would Initially Contribute $20 Million (Rs.100 Crore) To The India Inclusive Innovation Fund. The Remaining Amount Would Come From Scheduled Banks, Insurance Companies, Financial Institutions, Corporates, High Net Worth Individuals As Well As Bilateral And Multilateral Institutions. The New Fund Is Aimed To Drive And Catalyse The Creation Of An Ecosystem Of Enterprise, Entrepreneurship, And Venture Capital, Targeted At Innovative Solutions For The Bottom Of The Pyramid. Accordingly FICCI President Naina Lal Kidwai, "There Is A Growing Conviction That Breakthroughs In Ideas And Technology Must Be Directed To Ensuring That People From All Social And Economic Strata, Particularly Those At The Bottom Of The Pyramid, Partake In The Growth Process,".
Project Value
INR 5000 Crore /-
Fund Mobilization Stage
Not Specified
India
Miscellaneous,Miscellaneous
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