Chennai, Feb. 13 -- The Startup India Seed Fund Scheme (SISFS) stands out as a beacon of hope for seed-stage startups, offering vital financial aid through approved incubators.
With a substantial corpus of Rs. 945 crore, SISFS has allocated Rs. 86.10 crore to 20 incubators in Tamil Nadu alone.
As of December 31, 2023, Rs. 43.63 crore has already been disbursed to these approved entities.
Meanwhile, the Fund of Funds for Startups (FFS), operationalised by the Small Industries Development Bank of India (SIDBI), aims to catalyse venture capital investments.
With a massive corpus of Rs. 10,000 crore, FFS has allocated Rs. 500 crore to six Alternative Investment Funds (AIFs) in Tamil Nadu.
As of the end of December 2023, Rs. 384 crore ...