1/2/2024, 3:57:02 pm

Govt cuts allocation for major schemes under 'Startup India' initiative

The Union Budget for 2024 has not brought much cheer for startups, particularly early stage, as government cuts budget for major flagship schemes under 'Startup India' initiative. In the Budget, there has been a reduction in the allocation for the Small Industries Development Bank of India (SIDBI)-operated Fund of Funds Scheme (FFS). The allocation for FFS was cut down to Rs 1,200 crore.