In October 2024 the Union Cabinet has approved setting up of Rs. 1000 crore Venture Capital fund dedicated to space sector. In connection to this which of the following sentence is incorrect?
- AOption (a)
The proposed fund for the financial year 2025-26 is estimated at Rs. 150 crore.
- BOption (b)
This Venture Capital is developed under the aegis of IN-SPACE.
- COption (c)
Approximately 150 startups will be supported:
- DOption (d)
Indicative range of investment proposed during late growth stage is Rs. 30 crore to Rs. 60 crore.
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Correct answer
The proposed fund for the financial year 2025-26 is estimated at Rs. 150 crore.