EconomyMonday, 27 April 2026·https://testbook.com/current-affairs/27-april-2026-daily-current-affairs
DPIIT issues ₹10,000 crore Startup India Fund of Funds 2.0 guidelines in April 2026
DPIIT released operational guidelines for the ₹10,000 crore Startup India Fund of Funds 2.0 to support startup capital deployment.
Key highlights
Direct fact
On 25 April 2026, the Department for Promotion of Industry and Internal Trade (DPIIT) issued operational guidelines for the ₹10,000 crore Startup India Fund of Funds 2.0 (FoF 2.0).
Key specifics
- The corpus size of FoF 2.0 is ₹10,000 crore.
- Funds will be deployed through SEBI-registered Category I and Category II Alternative Investment Funds (AIFs).
- SIDBI will act as the initial execution agency, and DPIIT will onboard one additional agency.
- The framework has four segments: deep tech funds, micro venture capital funds, innovative and technology-led manufacturing funds, and sector- and stage-agnostic funds.
- The Venture Capital Investment Committee includes Vallabh Bhansali, Dr. Ashok Jhunjhunwala, Dr. Renu Swarup, Dr. Chintan Vaishnav, and Rajesh Gopinathan.
Exam lens
TNPSC may ask fund size, implementing agency, and AIF classification: ₹10,000 crore, SIDBI, DPIIT, SEBI Category I/II AIFs, and the four fund segments.