What government schemes are supporting India's startup ecosystem?

The Indian government offers several key schemes to fuel the startup ecosystem. The Fund of Funds for Startups (FFS) managed by CIDEBI provides 10,000 crore rupees to support venture capital firms investing in startups. The Startup India Seed Fund Scheme launched in 2021 with 1,000 crore rupees has supported over 450 incubators, helping over 1,000 startups. Additionally, the government's e-Marketplace (GeM) has opened public procurement to startups, awarding over 1,800 crore rupees in contracts. DPIT Recognition offers tax exemptions and self-certification privileges. These initiatives, alongside robust funding trends exceeding $10 billion in 2023, have created unprecedented opportunities for entrepreneurs, particularly boosting the 75,000+ women-led startups registered under Startup India.