<h1>Political Leader Criticizes Lack of Government Support for Startups; Only 1.58% Funded by Startup India Seed Fund.</h1> Indian startups have received minimal support from the government led by the Prime Minister, according to a statement by a political leader. The leader criticized the government for creating a 'startup of fakery,' attributing any growth in the startup sector to the entrepreneurs themselves rather than governmental assistance. He highlighted that only 1.58% of recognized startups received funding from the Startup India Seed Fund, with the government approving only a fraction of the promised Rs 20,000 crore. Additionally, more than 5,000 startups shut down in 2024, resulting in the loss of approximately 156,000 jobs since 2020.