
The Government of India has invested Rs 257.77 crore under the Electronics Development Fund (EDF) across eight daughter funds, which in turn have given financial support to 128 startups and companies, the Parliament was informed on Friday. Daughter funds are specialized investment vehicles or sub-funds that receive capital from a larger “mother” fund or government-backed entity to invest in specific sectors, startups, or MSMEs.
EDF Channels Funds Through Daughter Funds
Responding in a written reply to the Rajya Sabha, Minister of State for Electronics…

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