Sat Feb 01 06:23:25 UTC 2025: ## Government Announces ₹10,000 Crore Boost for Indian Startups
**New Delhi, [Date of Publication]** – India’s Finance Minister Nirmala Sitharaman announced a significant ₹10,000 crore injection into the Fund of Funds for Startups (FFS) scheme. This second round of funding aims to further bolster the growth of India’s burgeoning startup ecosystem.
The announcement underscores the government’s commitment to fostering innovation, building on the success of the original FFS scheme launched in 2016. Since the inception of the Startup India action plan in 2016, over 1.5 lakh startups have been recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).
The initial ₹10,000 crore FFS, managed by Small Industries Development Bank of India (SIDBI), has already played a crucial role in providing early-stage, seed, and growth-stage funding to startups. It has also facilitated increased domestic investment, reducing reliance on foreign capital and encouraging the growth of homegrown venture capital funds. This new allocation will continue this vital support, further strengthening India’s startup landscape.
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