• Government to launch ₹5,000-crore fund for software startups

    Government to launch ₹5,000-crore fund for software startups

    Published Date : 02-Mar-2019 8:42:17 IST

    The Cabinet on Thursday approved the launch of a ₹5,000-crore fund to invest in homegrown software products startups. Union IT minister Ravi Shankar Prasad said one-fifth of the fund will come from the government, while the rest will come from the industry. The government aims to generate direct and indirect employment for nearly 65 lakh individuals by 2025.

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