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Updated On:17/10/2021
Start Up

Oil India Limited (OIL), India’s second largest National “Navratna” Exploration &Production Company has announced a Rs 50 Crore OIL Startup Fund to foster , nurture and incubate new ideas related to oil and gas sector.

Funding and Duration

  • OIL will provide financial support for incubation of the Startup.
  • The level of funding would be decided by the management of OIL based on recommendation of the Screening Committee.
  • Duration of Incubation: Three years extendable by another 2 years on yearly basis based on recommendation of the Mentor(s)