The Reserve Bank of India has agreed to allot about Rs 2,000 crores (USD 320 million) to a start-up-specific fund in the 2015-2016 financial year. It appears that Small Industries Development Bank of India and ICICI Bank are contenders to be named as the nodal bank where the money will be available. However, the government is expected to include a clause allowing venture funds which
Originally published in March 2015 Newsletter.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
draw money from this start-up fund to invest the money only in Indian registered start-ups.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.