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PM addresses Republic TV Summit

Published By : Admin | November 26, 2019 | 19:33 IST
‘From Nation wants to know’ India has transformed to ‘Nation First’: PM Modi
Things which remained unsolved for decades have been solved now: PM Modi
When nation is first, country takes big decision and when country accepts that decision nation moves forward: PM Modi

Prime Minister Shri Narendra Modi delivered keynote address in Republic Summit here today. Theme of this year’s summit is “India’s Moment Nation First”.

Speaking on the occasion PM said that From Nation wants to know India has transformed to Nation First. He also said that things which were not solved for decades have been solved now. This happened due to two reasons - 130 Crore people’s thinking that India’s Moment and Nation First.

On the abrogation of Article 370 in Kashmir, PM said that India eliminated big reason behind terrorism. He added that Article 370 that gave special status to Jammu and Kashmir was a temporary provision in the Constitution but due to "some families", it was considered as permanent.

He emphasized that when nation is first, country takes big decision. And when country accepts that decision nation moves forward. He also said that people went to the Supreme Court so that Aadhaar could not get legal recognition. These people put all their strength to malign Aadhaar. But Aadhaar helped a lot in revealing their truth. It has saved about Rs 1.5 lakh crores from falling into the wrong hands. He added that every year, almost the same amount was falling into the wrong hands and there was no one to stop it. We did the work to stop this huge leakage of the system, because India is first for us.

Prime Minister said that GST could never have been implemented in the country earlier. Today, 99 percent of the things related to ordinary citizens are being taxed on an average of half as compared to before. There was a time when refrigerators - mixers, juicers, vacuum cleaners, geysers, mobile phones, washing machines, watches, all taxed more than 31 percent. Today, tax on all these things has been reduced to about 10 to 12 percent.

On regularization of illegal colonies in Delhi, he said that for decades, there was a lot of uncertainty in the lives of millions of families. People used to buy houses here with their hard-earned money, but they could not completely own them. These problems remained always. Our government has decided to end it and now more than 50 lakh Delhiites have got the certainty/hope/confidence of their home and a better life. Certainly it will benefit our middle class and help in getting their dream home, he added.

Prime Minister emphasized that the speed and Scale that is being worked on in India today is unprecedented. Toilet facilities to be provided to nearly 60 crore Indians in 60 months. These types of plans and programs can be planned and executed only when Nation is first.

He added that when you get out of selfishness, make everyone's support - everyone's development and everyone's trust the basis of policy and politics. This thinking has left us behind in the race for development, learning how to work with new approaches on 112 aspirational districts of the country.

PM said that it was the spirit of Nation First that opened more than 37 crore bank accounts to connect the poor with the banking system. It was this thinking of Nation First that started the water life mission. In the coming time, about Rs.3.5 lakh crore will be spent on this mission, so that people in remote areas of the country can get clean drinking water, water can reach every house.

Prime Minister added that with the intention of increasing their income, the country has set a target of making the country's economy $ 5 trillion. He said that he believed that working with the spirit of Nation First, we will get the proper result of every decision and the country will achieve every goal. He hoped that in this spirit, there will be a detailed discussion on the new possibilities, new opportunities of new India.

 

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Cabinet approves Startup India Fund of Funds 2.0 to Mobilize Venture Capital for India’s Startup Ecosystem
February 14, 2026
Rs. 10,000 crore corpus to support deep tech, tech-driven innovative manufacturing startups, and early-growth stage startups

In a major boost to India’s growing startup ecosystem, the Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, has approved the establishment of the Startup India Fund of Funds 2.0 (Startup India FoF 2.0) with a total corpus of Rs. 10,000 crore for the purpose of mobilizing venture capital for the startup ecosystem of the country.

The Scheme is designed to accelerate the next phase of India’s startup journey by mobilising long-term domestic capital, strengthening the venture capital ecosystem, and supporting innovation-led entrepreneurship across the country.

Launched under the Startup India initiative, Startup India FoF 2.0 builds on nearly a decade of sustained efforts to make India one of the world’s leading startup nations. Since the launch of Startup India in 2016, India’s startup ecosystem has witnessed an extraordinary transformation growing from fewer than 500 startups to over 2 lakh Department for Promotion of Industry and Internal Trade (DPIIT)-recognised startups today, with 2025 marking the highest ever annual startup registrations.

Building on Fund of Funds for Startups 1.0

The Startup India FoF 2.0 follows the strong performance of the Fund of Funds for Startups (FFS 1.0), which was launched in 2016 to address funding gaps and catalyse the domestic venture capital market for startups.

Under FFS 1.0, the entire corpus of Rs. 10,000 crore has been committed to 145 Alternative Investment Funds (AIFs). Such supported AIFs have invested over Rs. 25,500 crore in more than 1,370 startups across the country in sectors such as agriculture, artificial intelligence, robotics, automotive, clean tech, consumer goods & services, e-commerce, education, fintech, food & beverages, healthcare, manufacturing, space tech, and biotechnology amongst others.

FFS 1.0 played a pivotal role in nurturing first-time founders, crowding in private capital, and helping build a strong foundation for India’s venture capital ecosystem.

Key Features of the Scheme:

While the first phase built the ecosystem, Startup India FoF 2.0 is designed to take Indian innovation to the next level. The new fund will have a targeted, segmented funding approach to support:

  1. Deep tech and tech-driven innovative manufacturing: Prioritizing breakthroughs in high-tech areas that require patient, long-term capital.
  2. Empowering early-growth stage founders: Providing a safety net for new and innovative ideas, reducing early-stage failures caused by lack of funding.
  3. National reach: Encouraging investment beyond major metros so that, the innovation thrives in every corner of the country.
  4. Designed to address high‑risk capital gaps: Directing greater capital to priority areas which are important for self-reliance and boosting economic growth.
  5. Strengthen India’s domestic venture capital base, particularly smaller funds to further boost the domestic investment landscape.

Startup India FoF 2.0 is expected to play a pivotal role in shaping India’s economic trajectory, leading to transformational impact.

Startup India Fund of Funds 2.0 is expected to play a critical role in advancing India’s innovation-led growth agenda. By supporting startups that build globally competitive technologies, products, and solutions, the Fund will contribute to strengthening India’s economic resilience, boosting manufacturing capabilities, generating high-quality jobs, and positioning India as a global innovation hub.

Aligned with the national vision of Viksit Bharat @ 2047, the Fund represents the Government’s continued commitment to empowering entrepreneurs, fostering innovation, and unlocking the full potential of India’s startup ecosystem.