Why is it in the news?
Union Cabinet approved establishment of Startup India Fund of Funds 2.0.
Designed to mobilise long-term domestic capital for startups.
Category: Economy
Important Points:
● Launched under Startup India initiative
● Total corpus of ₹10,000 crore
● Invests in SEBI-registered Alternative Investment Funds (AIFs)
● Supports deep-tech and tech-driven manufacturing startups
● Focus on early-growth stage founders
● Encourages investment beyond major metros
● Addresses high-risk capital gaps in priority sectors
● Strengthens domestic venture capital ecosystem