<h1>Finance Minister Unveils Rs 10,000 Crore Fund for Startups to Boost Innovation and Support Emerging Entrepreneurs</h1> Finance Minister announced a new Rs 10,000 crore Fund of Funds for Startups to support emerging entrepreneurs, emphasizing the government's commitment to fostering innovation. Since its inception in 2016, the scheme, managed by the Department for Promotion of Industry and Internal Trade and operated by the Small Industries Development Bank of India, has aimed to meet the funding needs of startups across various stages. The initiative has successfully facilitated domestic capital raising, reduced reliance on foreign capital, and encouraged the growth of local venture capital funds, contributing significantly to the startup ecosystem.