Govt to give bulk of ₹10,000 cr startup fund to AI, tech sectors: Official

The commerce and industry ministry will allocate a major part of the second ₹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.

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