Govt to provide major part of Rs 10,000 cr startup fund to sectors like new age tech, AI

NEW DELHI, APR 15: The commerce and industry ministry will allocate a major part of the second Rs 10,000 crore Fund of Funds Scheme (FFS) for startups to budding entrepreneurs in sectors such as new-age technology, artificial intelligence, and machine building, an official said.

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In the Budget, the government announced a new FFS with a corpus of Rs 10,000 crore. In 2016 also, the government had launched a similar scheme.