National Venture Fund for Software and IT Industry
National Venture
Fund For Software and IT Industry (NFSIT)
At the national level a 1000 million National Venture Capital Fund for Software and IT industry (NFSIT)
has been set up by SIDBI and is being managed by SIDBI Venture Capital Ltd.
- SIDBI has contributed 500 million.
- Ministry of Information Technology, Government of India 300 million.
- 200 million by IDBI.
- NFSIT was
launched by the then Hon'ble Prime Minister of India, Shri Atal Behari Vajpayee on December 10,
1999.
- The fund is
fully divested.