<h1>Government Launches INR 10,000 Crore Fund of Funds for Startups, Managed by SIDBI, to Boost Domestic Capital.</h1> The government has launched the Fund of Funds for Startups (FFS) with a corpus of INR 10,000 crore over four years, managed by the Small Industries Development Bank of India (SIDBI). An initial INR 500 crore was released in March 2016, with INR 600 crore allocated for the current financial year. The FFS aims to boost domestic capital for startups across various sectors by investing in Alternative Investment Funds (AIFs). A Monitoring Committee, including several government departments, oversees the initiative's implementation and ensures compliance with legal and policy frameworks. The impact of the funds is not centrally tracked but is expected to stimulate economic growth and job creation.