Centre To Allocate Corpus To SIDBI To Run Secondary Deal Fund

The fund will enable SIDBI to sponsor venture capital investors engaged in secondary deals

The government believes that the fund will facilitate timely exits for investors, preventing them from making hasty decisions due to liquidity constraints

The Indian government has been introducing initiatives aimed at a conducive environment for innovation and entrepreneurship in India

The Centre is reportedly planning to allocate a corpus to the Small Industries Development Bank of India (SIDBI) to oversee a fund of funds for…