Startup India Fund of Funds 2.0 with Rs.10,000-Cr outlay gets union govt’s nod

The second phase of the Startup India Fund of Funds scheme with a corpus of INR 10,000 crore has been approved. The fund of funds scheme was first launched by the Union Government in 2016 under the Startup India action plan, with an initial corpus of INR 10,000 crore.The Small Industries Development Bank of India (SIDBI) manages the operational aspects of the FoF under the oversight of the Department for Promotion of Industry and Internal Trade (DPIIT).