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    What is the total corpus of the Fund of Funds for Startups (FFS) Scheme established by the Government of India to support the Indian startup ecosystem
    Question

    What is the total corpus of the Fund of Funds for Startups (FFS) Scheme established by the Government of India to support the Indian startup ecosystem?

    A.

    ₹5,000 crore

    B.

    ₹7,500 crore

    C.

    ₹10,000 crore

    D.

    ₹15,000 crore

    E.

    ₹20,000 crore

    Correct option is C

    The total corpus of the Fund of Funds for Startups (FFS) Scheme is ₹10,000 crore.
    Fund of Funds for Startups (FFS) Scheme:
    · Establishment: FFS was approved and established in 2016 with a total corpus of ₹10,000 crore.
    · Objective: The scheme was created to boost the Indian startup ecosystem and provide access to domestic capital for startups.
    · Operation: The Small Industries Development Bank of India (SIDBI) operates the FFS, providing capital to SEBI-registered Alternate Investment Funds (AIFs), known as daughter funds.
    · Investment Requirement: AIFs supported by FFS are required to invest at least twice the amount committed under the FFS scheme in Indian startups.
    · Capital Distribution: The corpus is spread over the 14th and 15th Finance Commission cycles based on the progress of the scheme and availability of funds.

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