The government has notified the Startup India Fund of Funds 2.0 with a corpus of ten thousand crore rupees to boost capital flow into the country’s startup ecosystem. The Ministry of Commerce and Industry said that investments under the scheme will focus on Alternative Investment Funds supporting priority segments, including deep tech startups and early growth stage. It added that the operational guidelines and the composition of the Venture Capital Investment Committee will be issued by the Department for Promotion of Industry and Internal Trade. The Ministry informed that Small Industries Development Bank of India (SIDBI) will commence operationalisation of the scheme as the Implementation Agency with effect from the date of notification

 

The Scheme is expected to play a critical role in advancing the country’s innovation-led growth agenda and will contribute to strengthening its economic resilience, boosting manufacturing capabilities, generating high-quality jobs, and positioning India as a global innovation hub.