PM Lays foundation stone of Atal Bihari Vajpayee Medical University

Published By : Admin | December 25, 2019 | 14:53 IST
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Prime Minister Shri Narendra Modi unveiled a plaque to mark the laying of foundation stone of Atal Bihari Vajpayee Medical University in Lucknow today. Governor of Uttar Pradesh Smt Anandiben Patel, Chief Minister Shri Yogi Adityanath, Deputy Chief Ministers, and other dignitaries were also present on the occasion.

Speaking on the occasion he said that, it is also a coincidence that on the day of Good Governance Day, the statue of Atal ji has been unveiled in the building from which the UP government runs. This magnificent statue of him will inspire people working in Lok Bhavan for good governance and public service, he added.

The Prime Minister said that it is a privilege for him to lay the foundation stone of the institute related to health education dedicated to Atal ji since Lucknow has been the parliamentary seat of Atal ji for years. The Prime Minister reminded that Atal ji used to say that life cannot be seen in pieces, it has to be seen in totality. The same is true for the government, the same is true for good governance. Good governance is also not possible until we think of the problems in totality, in totality, he added.

PM listed out his government's road map for the health sector, working on Preventive healthcare, Expanding Affordable Healthcare, Supply Side Interventions, ie ensuring supply in view of every demand of this sector and Mission Mode intervention. He also said that from Swachh Bharat to Yoga, from Ujjwala to Fit India Movement and to promote Ayurveda with all these - every such initiative is making its important contribution in prevention of diseases. He said that construction of more than 1.25 lakh wellness centers in rural areas of the country is the key to Preventive Health Care. These centers, by catching the early symptoms of the disease, will prove to be helpful in their treatment in the beginning. Due to Ayushman Bharat, about 70 lakh poor patients of the country have been given free treatment, of which about 11 lakh are here only in UP, he added.

Prime Minister said that the campaign launched by the government here to make sanitation and health facilities accessible from village to village, is a big step towards making life easier for the people of UP. He added that Good governance for his government means- Hearing everyone, Services reaching every citizen, Every Indian getting opportunity, Every citizen feeling safe and accessibility should be ensured in every system of government. He said that in the post-independence years, we have given the highest emphasis on rights and requested the people of Uttar Pradesh that we have to give equal emphasis on our duties, our obligations now. We have to remember right and obligation together and always, he added. He elaborated that Good education, accessible education is our right, but the safety of institutions of education, respect for teachers, we have an obligation. He concluded that we should fulfill our responsibilities, achieve our goals, this should be our resolve on Good Governance Day, this is the expectation of the people, this was also the spirit of Atal ji.

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अयोध्येत श्री राम जन्मभूमी मंदिर ध्वजारोहण उत्सवात पंतप्रधानांनी केलेले भाषण

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अयोध्येत श्री राम जन्मभूमी मंदिर ध्वजारोहण उत्सवात पंतप्रधानांनी केलेले भाषण
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Startup India recognises 2.07 lakh ventures, 21.9 lakh jobs created
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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.