{"id":24923,"date":"2017-04-20T07:55:34","date_gmt":"2017-04-20T07:55:34","guid":{"rendered":"https:\/\/www.edristi.in\/?p=24923"},"modified":"2017-04-20T07:55:34","modified_gmt":"2017-04-20T07:55:34","slug":"approval-establishing-funds-startups","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/approval-establishing-funds-startups\/","title":{"rendered":"Approval for establishing funds for startups"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question:-Which year was the startup fund established?<\/strong><br \/>\n(A) June 2014<br \/>\n(B) June 2015<br \/>\n(C) June 2016<br \/>\n(D) July, 2016<br \/>\n<strong>Ans: (c)<\/strong><br \/>\n<strong> Related facts:-<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On March 22, 2017, the Union Cabinet approved to set up a fund for startups.<\/li>\n<li>This fund was established in June, 2016.<\/li>\n<li>For this fund the government had allocated an amount of Rs.1000 crores.<\/li>\n<li>The following proposals have been given for setting up of funds for startups by the Cabinet:<\/li>\n<li>The alternative investment fund, assisted by the Startups Fund, can be invested at least twice.<\/li>\n<li>If the committed amount is not released for the full startup before the start-up has ended then the balance can be released after that.<\/li>\n<li>For the investments made for alternative investment funds and arrears, the limit of 0.50% will be taken from the alternative investment fund.<\/li>\n<li>This amount will be met for the meeting of Venture Capital Investment Committee, operating expenses for legal and technical evaluation etc.<\/li>\n<li>Withdrawal will be done from this fund in the beginning of the half year of each year (on 1st April and 1 October).<\/li>\n<li>The funding for startup is under the supervision of the Indian Small Industries Development Bank (SIDBI).<\/li>\n<li>Startup fund contributes to the Alternative Investment Fund (AIFs) registered in SEBI.<\/li>\n<li>This contribution can be more than 35 percent.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n<strong>Related Links:-<\/strong><br \/>\n<a href=\"http:\/\/pib.nic.in\/newsite\/PrintRelease.aspx?relid=159757\" target=\"_blank\">http:\/\/pib.nic.in\/newsite\/PrintRelease.aspx?relid=159757<\/a><br \/>\n<a href=\"http:\/\/www.business-standard.com\/article\/news-ians\/cabinet-nods-rs-1-000-cr-initial-corpus-for-fund-of-funds-for-start-ups-117032201493_1.html\" target=\"_blank\">http:\/\/www.business-standard.com\/article\/news-ians\/cabinet-nods-rs-1-000-cr-initial-corpus-for-fund-of-funds-for-start-ups-117032201493_1.html<\/a><br \/>\n<a href=\"http:\/\/www.pmindia.gov.in\/hi\/news_updates\/%E0%A4%95%E0%A5%87%E0%A4%82%E0%A4%A6%E0%A5%8D%E0%A4%B0%E0%A5%80%E0%A4%AF-%E0%A4%AE%E0%A4%82%E0%A4%A4%E0%A5%8D%E0%A4%B0%E0%A4%BF%E0%A4%AE%E0%A4%82%E0%A4%A1%E0%A4%B2-%E0%A4%A8%E0%A5%87-%E0%A4%B8-6\/\" target=\"_blank\">http:\/\/www.pmindia.gov.in\/hi\/news_updates\/%E0%A4%95%E0%A5%87%E0%A4%82%E0%A4%A6%E0%A5%8D%E0%A4%B0%E0%A5%80%E0%A4%AF-%E0%A4%AE%E0%A4%82%E0%A4%A4%E0%A5%8D%E0%A4%B0%E0%A4%BF%E0%A4%AE%E0%A4%82%E0%A4%A1%E0%A4%B2-%E0%A4%A8%E0%A5%87-%E0%A4%B8-6\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question:-Which year was the startup fund established? (A) June 2014 (B) June 2015 (C) June 2016 (D) July, 2016 Ans: (c) Related facts:- On March 22, 2017, the Union Cabinet approved to set up a fund for startups. This fund was established in June, 2016. For this fund the government had allocated an amount of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":24768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1137],"tags":[2541],"class_list":["post-24923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mis","tag-miscellaneous-en"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/24923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=24923"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/24923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/24768"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=24923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=24923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=24923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}