Concept: The EDF
Topic: Indian Economy (GS Paper III)
Category: Changes in industrial policy and their effects on industrial
Related News: Hindu, Feb 18
CNA mentions: 1(Feb 18)
Electronics Development Fund or EDF is a government of India initiative envisioned to develop the Electronics System Design and Manufacturing (ESDM) sector in India. It is part of the government’s ‘Digital India’ drive. It is under the IT department. EDF is basically a ‘fund of funds’ which will participate in ‘daughter funds’ which will in turn provide risk capital to firms engaged in the development of new technologies in the fields of information technology, electronics and nano-electronics. The daughter funds would gave to registered in India and abide by the rules and regulations on venture funds. They would be the beneficiaries of the EDF.