Union Cabinet Set To Approve 2,000 Crore Fund For Startups

New Delhi: The Union Cabinet is expected to approve setting up of a Rs 2,000-crore credit guarantee fund by July-end with a view to provide funding facilities to startups, a top official said today. Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek said the fund would be used to lend to startups without any collateral. He said that last week, the proposal was approved by the Finance Ministry. Under this,...