Cabinet approves ₹10,000 crore fund for startups
The Union Cabinet on Wednesday approved the establishment of ₹10,000 crore 'Fund of Funds for Startups', as a part of ‘Startup India Action Plan’ unveiled by Prime Minister Narendra Modi in January. The fund is expected to provide a stable and predictable source of funding for startup enterprises and facilitate large-scale job creation, an official release said.