Startup India gives 19% of ₹10,000 cr fund to VCs in 3 yrs

Government-backed initiative Startup India allocated only 19% of its ₹10,000-crore fund to venture capitalist (VC) firms in three years, Chairman of Small Industries Development Bank of India said. It aims to commit ₹3,300 crore to venture capitalist firms by March 2019. Launched under the PM Modi government in 2015, the initiative intends to build a conducive startup ecosystem in India.