Department for Promotion of Industry & Internal Trade (DPIIT)
Deploy ₹10,000 crore Fund of Funds (FFS) through SIDBI to Indian startups by 2026
The Startup India Fund of Funds was announced in Budget 2016 — ₹10,000 crore to be deployed over 4 years through SIDBI to SEBI-registered Alternate Investment Funds (AIFs) backing Indian startups.
Overall Progress
Department for Promotion of Industry & Internal Trade (DPIIT)
₹10,000 crore
March 31, 2026 (revised)
Progress Snapshot
₹5,590 crore committed to 118 AIFs of ₹10,000 crore target
56%Last updated: Apr 8, 2026 · Source: SIDBI FFS annual report 2025
Milestones
₹2,500 crore deployed
Target: Mar 2022
₹1,800 cr — missed
₹5,000 crore deployed
Target: Mar 2024
₹3,200 cr — missed
₹7,500 crore deployed
Target: Mar 2025
₹4,400 cr — missed
₹10,000 crore deployed
Target: Mar 2026
At risk
Update Log
Apr 8, 2026
SIDBI report: ₹5,590 crore committed to 118 AIFs; actual drawdown by startups: ₹3,200 crore — significant gap between commitment and deployment.
Mar 5, 2026
DPIIT announces 5 new AIFs admitted to FFS scheme — mostly focusing on deep-tech and agri-tech sectors.
Jan 20, 2026
CAG observation: average time from AIF approval to first drawdown is 18 months — operational bottleneck identified.
How we track this
We track SIDBI's quarterly FFS deployment disclosures, which show both commitments to AIFs and actual drawdowns. NT distinguishes between 'committed' (MoU signed) and 'deployed' (capital actually released to startups) — a distinction DPIIT does not always make in press releases.