The Union Cabinet has approved a ₹10,000 crore fund to support startups and mobilise venture capital for innovative enterprises. The fund aims to encourage growth in key sectors, especially focusing on deep-tech startups, early-stage companies, and tech-driven manufacturing ventures.
Officials said the initiative will also support sector- or stage-agnostic startups, ensuring a wide range of innovative ideas receive financial backing. Smaller funds under this scheme will target early growth stage startups, helping them scale up and attract larger investments.
The government hopes that the fund will strengthen India’s position as a hub for technological innovation, create high-skilled jobs, and promote cutting-edge research and development.
Experts said this move will encourage private investors to participate in the venture capital ecosystem, providing startups with access to capital, mentoring, and global networks. The scheme is expected to accelerate India’s deep-tech and innovation-driven growth in the coming years.
