Select the correct statement among the following regarding recently launched Angel Fund ........

Economic Affairs Financial Markets

Download Solution PDF

Select the correct statement among the following regarding recently launched Angel Fund.

The fund will provide financial assistance to ICDS.

Government of Assam will use the fund to establish day care centers for children of working women.

It will be used to give loan to first generation entrepreneurs.

It will be used to develop SMEs in the state.

छोटे Courses बड़े Results

Master Financial Markets

Prepare through Micro-courses

Try Now

Explanation:

Third option is correct.

Angel fund will provide loans for all sorts of employment generation schemes subject to its feasibility. Special thrust will be given on rural industries and petty businesses. It provides much-needed impetus to first generation entrepreneurs and skilled youths to set up industries on their own in the state. Banks often refuse to offer loans to first generation entrepreneurs fearing lack of viability in their ventures.