DPIIT To Seek Cabinet Nod For National Seed Fund, Credit Scheme
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In a bid to strengthen India’s position in the global startup ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) is working on a National Seed Fund and a credit guarantee scheme. Reportedly, official said that DPIIT is in an advanced stage of work for the Cabinet note for the two schemes. The report added that the National Seed Fund seeks to support ideation and development of early-stage startups.