New Delhi, Feb. 1 -- Union Finance Minister Nirmala Sitharaman on Saturday announced a new Fund of Funds for startups to promote entrepreneurship with a fresh contribution of Rs 10,000 crore.
Presenting the Union Budget 2025-26, Sitharaman said, "The Alternate Investment Funds (AIFs) for startups have received commitments of more than Rs 91,000 crore. These are supported by the Fund of Funds set up with a Government contribution of Rs 10,000 crore".
She said: "Now, a new Fund of Funds, with expanded scope and a fresh contribution of another Rs 10,000 crore will be set up".
A new scheme was also announced to benefit five lakh women and Scheduled Caste/Scheduled Tribe first-time entrepreneurs.
The scheme will provide term loans up to Rs 2...