Question
Consider the following statements regarding, India Inclusive Innovation Fund (IIIF) created by the National Innovation Council (NIC), in partnership with the Ministry of Micro, Small and Medium Enterprises (MSME):
Which of the statements given above is/are in correct?
- IIIF is an impact investment fund that will invest in ventures catering to the country’s poor.
- It is an autonomous ` 500-crore fund, with the union government contributing 50%.
- Will be registered under SEBI’s Alternative Investment Fund Category I guidelines.
Which of the statements given above is/are in correct?
Answer: Option B
Answer: (b)
IIIF is an impact investment fund that will invest in ventures catering to the country’s poor.
.It is an autonomous Rs. 500-crore fund, with the union government contributing 20%. Will be registered under SEBI’s Alternative Investment Fund Category I guidelines.
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Answer: (b)
IIIF is an impact investment fund that will invest in ventures catering to the country’s poor.
.It is an autonomous Rs. 500-crore fund, with the union government contributing 20%. Will be registered under SEBI’s Alternative Investment Fund Category I guidelines.
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