Decoding DPIIT’s ₹10,000 Cr Startup India Fund Of Funds 2.0 Guidelines

by · Inc42

SUMMARY

  • The DPIIT has laid down the mechanisms for fund disbursal, segmentation of AIFs and their selection procedure, along with constitution of the overseeing bodies, highlighting a focus on deeptech and manufacturing startups
  • The Small Industries Development Bank of India (SIDBI) will act as the implementation agency (IA) for FoF 2.0 along with an additional IA to be constituted by the DPIIT
  • The total allocation to each selected AIF, including that from various FoFs maintained by state and central ministries, can't exceed 50% of the AIFs total corpus