From Seva Teerth, PM Modi Announces ₹10,000 Crore Startup Fund of Funds 2.0

In a major boost to India’s startup ecosystem, the government has cleared the second tranche of the Startup India Fund of Funds Scheme. With an allocation of ₹10,000 crore, the fund is designed to provide risk capital for early-stage companies and deep-tech research ventures, strengthening innovation and entrepreneurship.

The announcement was made by Prime Minister Narendra Modi on February 13, 2026, marking one of the first key decisions from his newly inaugurated office, Seva Teerth. The initiative continues the momentum of the 2016 Fund of Funds, which had a similar corpus and has already been fully deployed.

Key Highlights

• Corpus Size: ₹10,000 crore approved for Fund of Funds 2.0.
• Focus Areas: Early-stage startups and deep-tech innovation.
• Continuity: Builds on the 2016 Fund of Funds, now fully utilized.
• Strategic Timing: Announced from PM’s new office Seva Teerth.
• Ecosystem Impact: Expected to unlock private investment and foster innovation-driven growth.

Context
This move underscores the government’s commitment to empowering entrepreneurs, fostering innovation, and strengthening India’s position as a global startup hub. By channeling funds into deep-tech and early-stage ventures, the scheme aims to reduce risk barriers and accelerate India’s journey toward becoming a knowledge-driven economy.

Sources: The Economic Times, Financial Express, PTI, IANS