PM Modi campaigns in Jaunpur, Uttar Pradesh

Published By : Admin | March 4, 2017 | 20:19 IST
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Prime Minister Narendra Modi today campaigned in Jaunpur. Seeing tremendous enthusiasm among people, Shri Modi thanked them for ushering their affection on the BJP. He said that after five phases, BJP was rapidly moving towards victory. He urged people to elect a BJP Government with full majority.

Shri Narendra Modi spoke about the valour of the armed forces. Complementing them on the surgical strike, Shri Modi opined, “We are proud of our armed forces. The surgical strike was done after elaborate planning & is being talked about world over. But sadly, there are some people who are so driven by political considerations that they want to question our armed forces.”

Noting the difficulties faced by the armed forces, Shri Modi spoke about ‘One Rank, One Pension.’ He said, “For 40 years our forces demanded OROP but nothing happened. I had promised a BJP Govt will deliver on OROP and we did. By allocating only Rs. 500 crore for OROP, what the previous Central Government did was to humiliate the armed forces.”

Launching attack on the SP government, Shri Modi said, “It is not their kaam that speaks but their karnama. The UP government website clearly shows what their Karnamas are and that is when they removed that content from the website.”

The Prime Minister said that law and order situation in Uttar Pradesh was a disaster. He said, “If the law and order situation is poor then people will not invest and youngsters will not get employment opportunities. Police stations are functioning like SP offices, criminals are committing crimes sitting in jails. This is not acceptable.” He further added, “People recite the 'Gayatri Mantra' but the SP and Congress know the 'Gayatri Prajapati Mantra' rather well.”

Shri Modi said that BJP’s only mantra was ‘Sabka Sath, Sabka Vikas’ whereas others did not believe in development for all. He said, “It is time to root out SP, BSP and Congress. They do not believe in development for all. They believe in benefitting a select few.” He further added that ‘Shanti, Ekta, Sadbhavna’ were the key to progress.

Shri Modi alleged that despite resources being allotted from the Centre, the UP government was unable to utilise the funds and resources for welfare of people in the state. “The Government of India is providing resources to feed the poor but the UP Government is showing no keenness to make use of them”, the PM said. He also spoke about several initiatives of the Centre aimed at welfare of the poor.

Speaking about demonetisation, Shri Modi remarked that it was a step undertaken to fight black money and corruption. He assured that the fight to protect the rights of the honest would keep on going. Attacking all other parties he stated, “I fail to understand why some people were so agitated after demonetisation? Was it because they have to give back what they looted?”

 

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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.