New Delhi, April 25 (IANS) The government on Saturday announced the operational guidelines for the Rs 10,000 crore Startup India Fund of Funds 2.0 (FoF 2.0), aiming to streamline capital deployment and improve funding access for startups across sectors and stages.The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry has unveiled a comprehensive framework to operationalise the second edition of the Fund of Funds scheme, with a focus on imp…
Latest Small Industries Development Bank of India (SIDBI) News & Updates
New Delhi, April 13 (IANS) The Centre on Monday notified the Startup India Fund of Funds 2.0 (FoF 2.0), announcing a fresh corpus of Rs 10,000 crore aimed at boosting venture and growth capital availability for startups across the country. The move builds on the performance of the earlier Fund of Funds for Startups (FFS 1.0), which was launched in 2016 under the Startup India Action Plan to bridge funding gaps and catalyse domestic capital in the startup ecosystem.Under the new scheme, the Rs 10…
Jamnagar, Feb 18 (IANS) Gujarat’s Jamnagar has established itself as a prominent centre on the global industrial map, driven by its micro, small, and medium enterprises (MSMEs).Known as the “Brass City of India,” the city supplies components to sectors ranging from Indian Railways to defence, producing goods that meet international quality standards.The state government support in modern machinery, skill development, and technology upgrades has strengthened the local economy while generating…
New Delhi, Jan 21 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved equity support of Rs 5,000 crore to Small Industries Development Bank of India (SIDBI).”The equity capital of Rs 5,000 crore shall be infused into SIDBI by the Department of Financial Services (DFS) in three tranches of Rs 3,000 crore in financial year 2025-26 at the book value of Rs 568.65 as on March 31, 2025 and Rs 1,000 crore each in financial years 2026-27 and 2027-28 at the book value…