India, April 5 -- image credit- shutterstock

On the concluding day of Startup Mahakumbh 2025 in New Delhi, on 5 April 2025, Union Minister of Commerce & Industry Piyush Goyal announcedthat the Second Fund of Funds for Startups (FFS) with a corpus of Rs 10,000 crore, has been approved by Prime Minister Narendra Modi.

This year, Rs 2,000 crore will be disbursed toSmall Industries Development Bank of India (SIDBI) as the first installment. A significant portion of the fund will be reserved for seed funding of small startups and to support deep-tech innovation.

"Through this fund, we aim to foster the development of cutting-edge technologies like AI, robotics, quantum computing, machine learning, precision manufacturing and biotech," he st...