Commerce and Industry Minister Piyush Goyal recently revealed that a considerable portion of the Rs 10,000 crore second fund of funds for startups in India will be directed towards facilitating seed funding for smaller players in order to spur deep-tech innovation. The Small Industries Development Bank of India (Sidbi), a government financial institution, has been tasked with the administration of this fund, which includes a substantial Rs 2,000 crore allocation for the current year. This initiative is aimed at providing crucial support to emerging startups and fostering a conducive ecosystem for technological advancements in the country.