Question

What is/are the fund(s) for start-ups that SIDBI have been managing?

• A. Fund of Funds for Start-ups
• B. ASPIRE Fund
• C. India Aspiration Fund
• D. All of the above

Answer 1

Answer: (D)

All of the above

SIDBI stands for Small Industrial Development Bank of India and it is the apex financial institution in the country for the MSME sector which has contributed to 88 venture capital funds. It was established mainly to increase funding and to boost startup and MSME sector so that more MSMEs can take part in getting funding, and grow the overall startup ecosystem in India. SIDBI had been managing various funds for start-ups which includes Fund of fund for start-ups, ASPIRE Funds, and India Aspiration Funds. These all function to provide assistance to startups and help in the promotion of start-ups in the country.