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Government to set up 'Deep Tech Fund of Funds' for next gen startups: Sitharaman
The Statesman Bhubaneswar
|February 02, 2025
Union Minister for Finance Nirmala Sitharaman on Saturday announced that the possibility of a 'Deep Tech Fund of Funds' will be explored to catalyse the next generation startups.
She also announced that customised Credit Cards with a five lakh limit for micro enterprises registered on Udyam portal will be introduced. She further remarked that in the first year, 10 lakh such cards will be issued.
The Union Budget 2025-26 sees the next five years as a unique opportunity to realise 'Sabka Vikas', stimulating balanced growth of all regions and achieving the goal of Viksit Bharat, she said.
The Union Budget defines MSMEs as one of the powerful engines for the story of development and the proposed development measures support MSMEs to accelerate growth and secure inclusive development.
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MÁS HISTORIAS DE The Statesman Bhubaneswar
The Statesman Bhubaneswar
India doubles down on trade negotiations with Peru, Chile
The government on Thursday said it has successfully concluded two key rounds of trade negotiations with partner countries in Latin America, underscoring the commitment to expanding economic cooperation and deepening trade linkages with the region.
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The Statesman Bhubaneswar
Giant swing breaks at Kartik Mela in UP’s Bulandshahr; 6-year old girl dies
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1 min
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The Statesman Bhubaneswar
India Q2 FY26 earnings beat expectations: Data
The FY26 earnings season in the second quarter (Q2) exceeded expectations, driven by strong midcap performance, despite some weakness in select smallcap pockets, industry data showed.
1 min
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The Statesman Bhubaneswar
Chips need minerals, too
India has taken significant strides in becoming a global semiconductor power house, with the recent announcement of four major semiconductor manufacturing units in the states of Andhra Pradesh, Odisha and Punjab, bringing in an investment of Rs 4,600 crores. With these additions, the total number of manufacturing facilities established under India’s Semiconductor Mission has reached 10, with a cumulative investment of a staggering Rs 1.6 lakh crores.
3 mins
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The Statesman Bhubaneswar
Dhruv Jurel’s hundred rescues India A after top-order collapse
In seaming conditions that constantly tested technique and temperament, Dhruv Jurel once again stood tall. His superb counterattacking century helped India A recover from 124 for 7 to post a respectable 255 on the opening day of the second unofficial Test against South Africa A atthe BCCI Centre of Excellence on Thursday.
1 mins
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The Statesman Bhubaneswar
New system to defend against Russian drones on NATO flank
Poland and Romania are deploying a new weapons system to defend against Russian drones, following a spate of incursions into NATO airspace in recent months that exposed the alliance’s vulnerabilities and put Europe on edge.
1 mins
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The Statesman Bhubaneswar
Healing through listening
How often do we truly listen? Not just hear, but really listen? Witnessing the evolving world where nobody has time for one another, a group of like-minded people has decided to pause, reflect, and rebuild the fading human connection.
2 mins
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The Statesman Bhubaneswar
The legacy of our national song
On 7 November, the lyric that has lodged itself in the political and emotional memory of modern India ~ Vande Mataram - completed 150 years since its composition.
4 mins
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The Statesman Bhubaneswar
Congress claims over five crore signatures in Vote Chori campaign
The Congress on Thursday announced that it has collected over 5 crore signatures from citizens nationwide in its “Vote Chor Gaddi Chod’ campaign.
1 min
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The Statesman Bhubaneswar
Shivraj to visit Sambhajinagar on 7 November
Union Minister for Agriculture, Farmers Welfare, and Rural Development, Shivraj Singh Chouhan will be ona one-day visit to Maharashtra’s Chhatrapati Sambhajinagar district and adjoining rural areas on 7 November.
1 min
November 07, 2025
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