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 supporting seed funding for smaller players in order to foster deep-tech innovation. The Small Industries Development Bank of India (Sidbi), a government financial institution, has been tasked with managing this fund, which includes a Rs 2,000 crore allocation for the current year. This move is expected to provide a significant boost to the startup ecosystem in the country, particularly for early-stage startups looking to develop cutting-edge technologies and solutions. The focus on supporting seed funding for smaller players highlights the government’s commitment to promoting innovation and entrepreneurship in India. By encouraging deep-tech innovation at the grassroots level, the fund aims to drive economic growth and create a conducive environment for startups to flourish. This initiative comes as part of the government’s ongoing efforts to boost the startup ecosystem and position India as a global hub for innovation and technology. The allocation of funds for seed funding is likely to benefit a wide range of startups, enabling them to access the capital needed to bring their innovative ideas to fruition and contribute to the country’s economic development.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 supporting seed funding for smaller players in order to foster deep-tech innovation. The Small Industries Development Bank of India (Sidbi), a government financial institution, has been […]<\/p>\n","protected":false},"author":0,"featured_media":89537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-11.jpg",1280,720,false],"thumbnail":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-11-150x150.jpg",150,150,true],"medium":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-11-300x169.jpg",300,169,true],"medium_large":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-11-768x432.jpg",640,360,true],"large":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-11-1024x576.jpg",640,360,true],"1536x1536":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-11.jpg",1280,720,false],"2048x2048":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-11.jpg",1280,720,false]},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/89536"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=89536"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/89536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media\/89537"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=89536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=89536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=89536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}