IDEA OF MENTORSHIP STRATEGY TO BRING INVESTORS FOR LIC, EPFO, FUNDING STARTUPS

The government is committed to cut red tape, improve ease of business doing, to provide financial assistance through startup seed fund, supporting incubators, enhancing skills and this holistic approach has intended to resolve the issue relating to capital mobilization to meet the capacity and capabilities requirements for which the government is ready to bring investors on a common platform required for the development of LIC and (EPFO) The Commerce and the Industry minister stated further that the platform is ready required for managing the fund start-up.On the occasion of this meeting of the Advisory Council the Additional Secretary of the department clear the vision that the key area of focus was providing early stage funding for which the government has taken a programming of mentorship India has just around 6000 angel investors while the US has about three lakh for which the government is looking at the regulatory and other issues to make the system more robust .