The Bihar Startup Fund Trust (BSFT), the Bihar government and the Small Industries Development Bank of India (SIDBI) have signed an MoU to administer the Rs 50-crore Bihar Startup Scale-up Financing Fund’ (BSSFF).

MOUs and Agreement

The Bihar Startup Fund Trust (BSFT), the Bihar government and the Small Industries Development Bank of India (SIDBI) have signed an MoU to administer the Rs 50-crore Bihar Startup Scale-up Financing Fund’ (BSSFF). The initiative is aimed at creating a conducive environment for startups and transforming Bihar into a startup hub. Under the policy, the state government has set up the BSFT with an initial corpus of Rs500 crore. Out of this, BSSFF has been established with an initial corpus of Rs50 crore for scale-up funding support to startups.


      The BSFT is the nodal agency constituted by the Industries Department for implementation of the Bihar Startup Policy.

     

     

 

     


Small Industries Development Bank of India (SIDBI)

Chairman- Sivasubramanian Ramann
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