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SIDBI committed Rs 3123.2 crore to boost startups

Friday, June 28, 2019, 6:38 PM

Small Industries Development Bank of India (SIDBI) has committed Rs 3,123.2 crore to 49 SEBI registered Alternative Investment Funds (AIFs), who in turn have invested Rs 1,625.73 crore into 247 startups, commerce and industry minister Piyush Goyal said on Friday. The minister told the Rayja Sabha in a written reply that Rs 483.46 crore have been drawn from FoF for startups.

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