New Delhi, July 5 -- Union Minister of Commerce and Industry Piyush Goyal announced a Rs.3 lakh crore allocation for new schemes aimed at fueling India's economic progress.

Speaking at an interactive session with industry leaders in Bengaluru, Goyal highlighted the government's commitment of strengthening the country's research, employment, and India's startup ecosystem, ANI reported.

The Union minister also gave details about the latest Cabinet approvals, which include:

The schemes aim to benefit various sectors across the country. "These will give encouragement to support an ecosystem of startup, tech and manufacturing," Goyal added, speaking of the approvals.

Piyush Goyal also praised Bengaluru's established deep tech and startup e...