Government Launches $307 million India Aspiration Fund to Boost Startups

19-Aug-2015 #MakeInIndia Source: I am Wire

Finance minister Arun Jaitley recently launched India Aspiration Fund (IAF) with a budget allocation of $307 million to promote entrepreneurship among Indians. He also launched the SIDBI Make in India Loan for Small Enterprises (SMILE) Scheme with an allocation of $1.5 billion to focus on 25 sectors under ‘Make in India’ programme with an emphasis on financing smaller enterprises. Both of these programs will be supported and managed by Small Industries Development Bank of India (SIDBI).

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