Summary:

Operational rules for the Startup India Fund of Funds 2.0, which has a capital of Rs. 10,000 crore, have been announced by the Department for Promotion of Industry and Internal Trade (DPIIT). To improve capital flow into startups, the framework emphasizes effective fund deployment, governance, and monitoring. DPIIT-recognized firms will receive funding through Category I and II Alternative Investment Funds registered with SEBI. The first implementing agency will be SIDBI, and capacity will be expanded by another agency. Serving as a catalyst, the fund seeks to assist innovation, early-stage businesses, and increased regional access to startup finance while mobilizing private investment, increasing local venture capital, and lowering dependency on foreign funding.

Source: IBEF

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