Indian Government Commits Over ₹11,600 Crore to Strengthen Startup Ecosystem

The Indian government has pledged over ₹11,606 crore to bolster the startup ecosystem through key schemes under the Startup India initiative, including the Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS), and Credit Guarantee Scheme for Startups (CGSS). As of June 30, ₹9,994 crore has been committed to 141 Alternative Investment Funds which invest in startups, ₹945 crore sanctioned to 219 incubators for early-stage funding, and ₹667.85 crore guaranteed as collateral-free loans to 289 startups. Additionally, the Ministry of Skill Development and Entrepreneurship is implementing Project Swavalambini, promoting entrepreneurship among women students in collaboration with NITI Aayog’s Women Entrepreneurship Platform. In Kerala, recognized as having one of the most vibrant startup ecosystems in India, the government is taking steps to enhance seed funds and incubation centers, with full registration under Startup India and significant female startup leadership noted. Officials emphasize the importance of careful utilization of funds and expanding angel investment networks to support nascent companies. Despite progress, challenges remain in addressing low female workforce representation, with state governments actively working to improve gender inclusivity in the startup sector.