Who will be the partner and co-investor in the India Aspiration Fund?

Recently, the Union Finance Ministry launched India Aspiration Fund (IAF) to boost start-ups in India. Who will be the partner and co-investor in the IAF?
[A]LIC
[B]SIDBI
[C]NABARD
[D]RBI

LIC
The Union Finance Minister Mr. Arun Jaitley launched India Aspiration Fund (IAF) as a fund of funds under the Small Industries Development Bank of India (SIDBI) in order to boost the startup ecosystem. It will invest Rs 2,000-crore in this fund and India’s largest insurance company, Life Insurance Corporation of India (LIC) will be the partner and co-investor in the IAF.

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This question "Who will be the partner and co-investor in the India Aspiration Fund?" was published on GKToday on August 30, 2015 at 9:20 am. For Current Affairs Questions Archive Click Here. For General Knowledge Questions Archive Click Here.

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