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India: Govt allocated Rs 163.30 cr to 41 incubators under startup India Seed Fund Scheme: Piyush Goyal December 03,2021   |  Source: Free Press Journal

The government on Wednesday said as of November 25 this year, Rs 163.30 crore has been allocated to 41 incubators selected so far under startup India Seed Fund Scheme. Commerce and Industry Minister Piyush Goyal in a written reply to the Lok Sabha said Rs 945 crore has been sanctioned under the scheme for years starting from 2021-22. ''As of November 25, 2021, Rs 163.30 crore has been allocated (committed) to 41 incubators selected so far under the scheme,'' he said. He also said as of October 2021, Rs 2,291.29 crore has been allocated by the ministry to the Small Industries Development Bank of India (SIDBI), the implementing agency, under the Fund of Funds for Startups (FFS) Scheme. A corpus of Rs 10,000 crore has been sanctioned under FFS Scheme, spread over 14th and 15th Finance Commission cycles. In a separate reply, Minister of State for Commerce and Industry Som Parkash said in the last seven years (2014-21), India has received USD 440.27 billion foreign direct investment (FDI).

Replying to a separate question, Minister of State for Commerce and Industry Anupriya Patel said that in September, India introduced a document at the WTO containing the 'Polluter Pays' principle for fisheries subsidies negotiations. ''It proposes a moratorium on subsidies by distant water

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Years in Support of Small Scale Fishworkers (1986 - 2018)