Department for Promotion of Industry and Internal Trade (DPIIT), operated by SIDBI
Status: active. A fund-of-funds programme approved by the Union Cabinet (June 2016) with Small Industries Development Bank of India (SIDBI) as operating agency. FFS does not invest directly in startups; it commits capital to SEBI-registered Alternative Investment Funds (AIFs), which in turn make equity/equity-linked investments in startups. Revised as 'FFS 2.0' and notified in April 2026 with a fresh corpus of Rs 10,000 crore, with strategic emphasis on deep-tech, climate and defence startups.
Apply via the official portal: https://www.sidbivcf.in/en/funds/ffs