SIDBI introduces web-based application system for contribution from Fund of Funds for Startups (FFS)

SIDBI has introduced web-based application system for contribution from Fund of Funds for Startups (FFS). The applications for contribution from various Alternative Investment Funds (AIFs) will now be accepted online and the status of the same shall be accessible to applicants, thereby increasing the transparency in the system. The provision of submission of online application will be on the home page of SIDBI. To begin with the application process, the AIF should create an account, fill in the details and submit the application form online along with the required supporting documents. SIDBI is the implementing agency for FFS with a corpus of Rs 10,000 crore on behalf of the Government of India (GoI).