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vishakha Jangir
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Set2Score • 28d
𝗣𝗶𝘆𝘂𝘀𝗵 𝗴𝗼𝘆𝗮𝗹 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗥𝘀 𝟭𝟬𝟬𝟬𝟬 𝗖𝗿 𝗳𝘂𝗻𝗱 𝗳𝗼𝗿 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀 !! Commerce and Industry Minister Piyush Goyal unveiled a Rs 10,000-crore Fund of Funds for Startups (FFS) along with a national helpline to support early-stage entrepreneurs. Rs 2,000 crore will be disbursed this year to SIDBI as the first installment. A large portion will be directed toward seed funding for small startups, especially those focused on deep-tech innovation. The fund aims to support high-tech fields with significant capital needs and long development times, including: Artificial Intelligence (AI) Robotics Quantum Computing Machine Learning (ML) Precision Manufacturing Biotechnology Semiconductor Design A national helpline was launched, accessible through a simple four-digit toll-free number (available in regional languages). It will handle grievances and feedback from startups. It allows entrepreneurs to suggest improvements for the startup ecosystem. Goyal directed SIDBI to establish at least one support center in every state to provide shared facilities and basic infrastructure for early-stage startups. The goal is to create a strong pipeline of indigenous tech solutions, align with India’s national priorities, and establish India as a global innovation leader. Follow vishakha Jangir for more such business insights.
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