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Question
Identify the fund set up by SIDBI with a vision to promote and accelerate equity and equity-linked investments in start-ups and MSMEs.
Identify the fund set up by SIDBI with a vision to promote and accelerate equity and equity-linked investments in start-ups and MSMEs.
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Solution
The correct option is B India Aspiration Fund
India Aspiration FundIndia Aspiration Fund set up by SIDBI with the support of RBI pursuant to a budget announcement is an INR2000 crore fund introduced by SIDBI with a vision to promote and accelerate equity and equity-linked investments in Start-ups and MSMEs. IAF contributes to the corpus of SEBI registered Alternative Investment Funds (AIFs), with sector agnostic investments specifically involving MSMEs as key strategic investment sectors.
India Aspiration Fund
India Aspiration Fund set up by SIDBI with the support of RBI pursuant to a budget announcement is an INR2000 crore fund introduced by SIDBI with a vision to promote and accelerate equity and equity-linked investments in Start-ups and MSMEs. IAF contributes to the corpus of SEBI registered Alternative Investment Funds (AIFs), with sector agnostic investments specifically involving MSMEs as key strategic investment sectors.
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