In order to provide support to the startups operating within the country, the government has proposed to launch Startup India Fund of Funds 2.0, amounting to ₹10,000 crore, which will invest in technology-oriented, early stage, and innovation-led manufacturing startups. The government has issued a notification regarding the proposal. Its aim is to attract venture and growth capital investments for Indian startups.
For this, an expert committee on venture capital investment will be established. Rules regarding the formation and functioning of the committee will be issued by the Department for Promotion of Industry and Internal Trade. An efficient monitoring and supervision mechanism will be established to regulate the scheme. Co-investment from both the government and institutional investors is also allowed under the scheme. This scheme will contribute to strengthening the country’s economic resilience, enhancing manufacturing capabilities, creating high-quality jobs, and establishing India as a global innovation hub.
To address the energy sector challenges caused by the West Asian crisis, the central government has begun promoting electric mobility. Under this initiative, the subsidy deadline for three-wheeled electric vehicles, such as e-rickshaws and e-carts, under the PM e-Drive scheme has been extended to March 31, 2028. Similarly, the subsidy deadline for registered two-wheeled electric vehicles has been extended to July 31, 2026.
