Rs. 103.45 crores has been disbursed to Alternative Investment Funds (AIFs) under the Fund of Funds for Startups (FFS) scheme by SIDBI as on December 15, 2017.

Commitment of funds under FFS has been made to 18 AIFs so far. As on December 15, 2017, 13 AIFs have commenced drawdowns. These 13 AIFs have invested in 77 Startups so far.

State-wise number of AIFs which have been committed funds and have received disbursement from the fund as on December 15, 2017 are as under:-

 

State	Number of AIF which have been committed funds under FFS	Number of AIFs where drawdowns have commenced
Delhi	2	1
Karnataka	7	6
Maharashtra	7	4
Tamilnadu	1	1
Telangana	1	1
TOTAL	18	13

 

As per information compiled by SIDBI, state-wise number of Startups funded by these 13 AIFs so far are as under:-

 

State	Number of Startups
Delhi	8
Haryana	6
Karnataka	28
Madhya Pradesh	1
Maharashtra	23
Rajasthan	3
Tamil Nadu	1
Telangana	4
Uttar Pradesh	1
West Bengal	2

 

This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in written reply to a question in Lok Sabha today.

 

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DSM/SBS/KA

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