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Astronaut Sunita Williams' visit to Kerala after her retirement from NASA triggered an intense rivalry among the state's literary festivals. DC Books, which had been inviting her since 2019, quickly secured her appearance at the Kerala Literature Festival in Kozhikode once she retired
Prime Minister Narendra Modi on Saturday launched a scathing attack on the Congress party, accusing it of divisive politics, corruption in defence deals, and neglect of the Northeast. While addressing a gathering in Assam's Guwahati, PM Modi said that while the Muslim League divided India during
Final electoral rolls for Puducherry and Lakshadweep are out. Puducherry saw a drop in voters after removing ineligible names. Lakshadweep also published its updated list. More final rolls are coming soon for Tamil Nadu, Gujarat, and other states. Uttar Pradesh will release its list later
An annual cigar festival in Cuban capital Havana has become the latest casualty of a fuel shortage caused by a US oil blockade. The organising committee of the Festival del Habano announced on Saturday that this year's event - which was due to take place over five days in late February - would be
Union Finance Minister Nirmala Sitharaman pointed out that the country is well ahead of its renewable energy targets, having achieved two-thirds of its commitments four years earlier than planned. India has significantly increased its financial commitment to fighting climate change
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Government sanctions Rs 10,000 crore to power next phase of Indian startups
Government sanctions Rs 10,000 crore to power next phase of Indian startups
The government wants to encourage investment in every part of the country so that innovation can thrive anywhere. According to the release, the scheme is "designed to accelerate the next phase of India's startup journey by mobilising long-term domestic capital" and reducing the country's dependence on foreign investment.
New Delhi: The Union Cabinet has approved a new Rs 10,000 crore fund to help Indian startups find the investment they need to grow. Known as the Startup India Fund of Funds 2.0, the money will specifically target deep tech, advanced manufacturing, and founders who are just starting out. The goal is to make sure innovative ideas do not fail simply because they cannot find early financial support.
This new fund follows the first version of the scheme launched in 2016. The government noted that the original program successfully supported over 1,370 startups by committing its entire Rs 10,000 crore corpus to various investment funds. These funds then put more than Rs 25,500 crore into companies working in fields like artificial intelligence, healthcare, and space technology. The press release stated that the first phase "played a pivotal role in nurturing first-time founders" and helped build a "strong foundation for India's venture capital ecosystem."
One of the main goals of the 2.0 version is to support high-tech areas that take a long time to develop. The government wants to provide "patient, long-term capital" for breakthroughs in deep tech and innovative manufacturing. By focusing on these difficult sectors, the scheme aims to address "high-risk capital gaps" that are often ignored by private investors but are necessary for the country to become more self-reliant.
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The fund is also intended to reach beyond big cities like Bengaluru or Delhi. The government wants to encourage investment in every part of the country so that innovation can thrive anywhere. According to the release, the scheme is "designed to accelerate the next phase of India's startup journey by mobilising long-term domestic capital" and reducing the country's dependence on foreign investment.
Since 2016, the number of recognised startups in India has grown from fewer than 500 to more than 2 lakh. The government believes this new injection of capital will help maintain that momentum. The release concluded that the fund will contribute to "strengthening India's economic resilience, boosting manufacturing capabilities, and generating high-quality jobs" as part of the broader national goal to become a developed nation by 2047.
Source: ZeeNews
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