There has been a 126 per cent jump in the number of jobs created by DPIIT-recognised startups from April last year under the Startup India campaign launched by Prime Minister Narendra Modi in January 2016, according to the latest government data. From 1,87,004 jobs reported by 16,105 startups, as tweeted by former DPIIT Secretary Ramesh Abhishek in June last year, the figures have scaled to 4,22,986 jobs reported by 34,267 startups as of September 6, 2020, according to Commerce Minister Piyush Goyal. The minister had shared details in reply to a question in the Rajya Sabha earlier this week.
The Fund of Funds was established in January 2016 with a corpus of Rs 10,000 crore. According to Goyal, Rs 1322.05 crore was released to SIDBI as on September 9, 2020, out of which Rs 500 crore was released in 2015-16; Rs 100 crore in 2016-17; Rs 431.3044 crore in 2019-20 and Rs 290.75 crore in 2020-21. Moreover, Rs 1054.97 crore was provisioned under FFS for BE 2020-21. As on November 21, 2019, 47 SEBI registered Alternative Investment Funds (AIFs) had raised a corpus fund of Rs 25,728 crore while Rs 695.94 crore has been drawn from the FFS. Rs 2,669.83 crore were invested into 279 startups.
Source: Financial Express
