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Govt to set up Rs.5,500 crore innovation fund

Govt to set up Rs.5,500 crore innovation fund

The Union government is likely to set up a Rs 5,500-crore Indian Inclusive Innovation Fund (IIIF). Media reports say that the Union Cabinet is likely to take up a proposal in this regard. The fund will be under the Ministry of Micro, Small and Medium Enterprises (MSME).