Economy, Banking and Finance · 17 February 2026

Union Cabinet approves Startup India Fund of Funds 2.0 with ₹10,000 crore corpus.

Exam-focused facts from the 17 February 2026 current affairs briefing.

Key facts

  • The Union Cabinet approved the second edition of the Startup India Fund of Funds (FoF) with Rs. 10,000 crore (US$ 1.2 billion).
  • The FoF aims to provide patient capital to deep technology companies, technology-driven innovative manufacturing ventures, and early-stage growth enterprises.
  • The scheme adopts a sectoral and stage-focused investment approach to improve efficient capital deployment across business stages.
  • Startup India initiative, launched in 2016, has increased recognised startups from a few hundred to over 2 lakh.
  • The Fund expects to catalyse private investments, create jobs, and support India’s position as a global innovation hub.

View this story in the full daily briefing

Earlier coverage selected by topic similarity to help connect developments over time.

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