Commerce and Industry Minister Piyush Goyal recently revealed that a substantial portion of the Rs 10,000 crore second fund of funds for startups in India will be directed towards backing seed funding for smaller players in order to propel deep-tech innovation in the country. The Small Industries Development Bank of India (Sidbi), a government financial institution, has been entrusted with the responsibility of managing this fund, which includes a significant Rs 2,000 crore allocation for the current year.