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