Govt Picks 19 Fund Managers For ₹1 Trillion RDI Scheme
A second-level fund manager receives money from the government's RDI Fund and deploys it to fund startups and companies developing new technologies. The capital can be provided through low-interest loans or equity investments. These fund managers include alternative investment funds (AIFs), non-banking financial companies (NBFCs) and focused research organisations (FROs), such as IIT research parks.
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