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 dedicated to bolstering seed funding for smaller players in order to spur deep-tech innovation in the country. The Small Industries Development Bank of India (Sidbi), a government financial institution, has been entrusted with the administration of this fund, with a specific allocation of Rs 2,000 crore earmarked for the current fiscal year. This move is aimed at providing crucial support to budding entrepreneurs and fostering the growth of cutting-edge technologies in the Indian startup ecosystem.