FM introduces new Rs 10,000 crore fund of funds for startups in Budget 2025

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FM introduces new Rs 10,000 crore fund of funds for startups in Budget 2025 - YourStory

Quick Summary:

FM Nirmala Sitharaman decision to launch a new FFS comes amid a growing emphasis on mobilising domestic capital for startup investments, particularly in the face of rapidly changing global macroeconomic conditions.

Further, she said that under the PM research fellowship scheme, the government will provide 10,000 fellowships for technological research, in IITs and IIScs with enhanced financial support.“Although the corpus for the deeptech fund is not announced, it is also much needed for India to catchup in the AI race,” Khan told YourStory.

The capital support acts as a nucleus for various AIFs investing in Indian entrepreneurship.