Centre invests ₹258 crore under Electronics Development Fund to support 128 technology startups
New Delhi: The government has invested ₹257.77 crore under the Electronics Development Fund in eight “Daughter funds”, which in turn have given financial support to 128 startups and companies, Parliament was informed on Friday.
Daughter funds are specialized investment vehicles or sub-funds that receive capital from a larger “mother” fund or government-backed entity to invest in specific sectors, startups, or MSMEs.
