In a significant push for India’s startup ecosystem, Finance Minister Nirmala Sitharaman has announced a fresh round of the Fund of Funds for Startups (FFS) scheme, with a ₹10,000 crore corpus aimed at nurturing emerging entrepreneurs and fostering innovation nationwide.
As the government continues its commitment to supporting startups, the Department for Promotion of Industry and Internal Trade (DPIIT) has recognised over 1.5 lakh startups so far. The FFS scheme, originally launched in 2016, is managed by DPIIT and operated through the Small Industries Development Bank of India (SIDBI). It addresses funding challenges at various stages—early, seed, and growth—while encouraging domestic venture capital investments and reducing reliance on foreign funding sources.
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The ₹10,000 crore corpus will be disbursed in phases over the 14th and 15th Finance Commission cycles, contingent on the scheme’s progress and fund availability. Beyond providing capital access, the initiative is set to fuel the growth of homegrown venture funds, strengthening India’s startup ecosystem and driving economic innovation.
