India, Feb. 1 -- Finance Minister Nirmala Sitharaman on Saturday announced another round of Fund of Funds for Startups scheme with a corpus of Rs 10,000 crore to promote growth of budding entrepreneurs.

The announcement assumes significance as the government is focusing on promoting innovation through startups.

Department for Promotion of Industry and Internal Trade (DPIIT) has recognised over 1.5 lakh startups so far.

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