OOPS : Govt makes no allocation for India Aspiration Fund in 2017 Budget

The government has made no provision for its ambitious India Aspiration Fund, part of StartUp India initiative, for the next financial year.

StartupIndia Program
StartupIndia Program

The govt has reduced the allocation to Rs 100 crore from Rs 600 crore made earlier for the current fiscal.

As per the Budget 2017-18 document, the government had made allocation of Rs 500 crore for 2015-16 when the fund was launched. In the following year, a provision of Rs 600 crore was made but reduced significantly to Rs 100 crore as per the revised estimate announced in the Budget 2017-18. (source)

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