Startup India 2.0: Government Unveils ₹10,000 Crore Fund for Deep Tech Innovation

• Cabinet approves Startup India Fund of Funds 2.0 (SIFF 2.0) with a ₹10,000 crore corpus for 10 years.
• Aims to make India a 'Deep Tech' and 'Innovation Hub', focusing on AI, Robotics, and Semiconductors.
• Deep tech startups can now avail benefits for up to 20 years, extended from 10 years.
• Funding mechanism involves government (via SIDBI) investing in 'daughter funds' which then identify and invest in 500-1,000 startups.
• Benefits include 3-year income tax exemption, increased turnover limit to ₹300 crore, and priority for women, SC, ST, OBC founders.