Cabinet Clears ₹10,000 Crore Startup India Fund 2.0
The Union Cabinet has approved Startup India Fund of Funds 2.0 with a corpus of ₹10,000 crore to support emerging startups and strengthen India’s innovation ecosystem.
Startup India Fund Of Funds 2.0 Details
The new fund will provide capital support through venture capital firms, which will invest in early and growth stage startups across sectors. Authorities said the structure aims to improve access to financing for entrepreneurs and expand funding availability beyond metropolitan centres.
The initiative follows the earlier Fund of Funds programme launched to boost domestic venture investments.
Support For Innovation And Entrepreneurship
The scheme is intended to encourage technology development, job creation and expansion of startups in manufacturing, services and digital industries. Policymakers expect the funding to assist companies in scaling operations and improving competitiveness.
Officials added that the programme will prioritise emerging sectors and innovation driven businesses.
Impact On Startup Ecosystem
Industry stakeholders said additional capital could help startups secure long term investment and reduce dependence on overseas funding sources. The fund is expected to be deployed in phases through registered investment managers.
