Question

_______ Indian Aspiration Fund was launched by ______ in August 2015 to boost the start-up funds ecosystem in the country.

• A. Rs. 5,000 Crore; IDBI
• B. Rs. 2,000 Crore; SIDBI
• C. Rs. 2,000 Crore; RBI
• D. Rs. 3,500 Crore; ICICI

Answer 1

The correct option is B Rs. 2,000 Crore; SIDBI

In order to boost the startup ecosystem in the country, finance minister Arun Jaitley has announced the launch of India Aspiration Fund (IAF) with an initial corpus of Rs. 2,000 crore. IAF is managed by Small Industries Development Bank of India (SIDBI) for promotion, financing and development of micro, small and medium enterprises (MSME) sector.