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January 20, 2021 On Monday Prime Minister Narendra Modi announced a Startup India Seed Fund worth ₹1,000 crore for new startups in the country. As part of its startup policies, Modi said that the central government will help these startups in raising capital through guarantees going forward. Speaking at Startup India’s international summit, Prarambh 2021, hosted by the Department for Promotion of Industry and Internal Trade (DPIIT), the Prime Minister noted that eleven startups entered the unicorn club in 2020 despite the COVID-19 pandemic, and claimed that India one of the world’s biggest startup ecosystem with more than 41,000 startups. Of these, 5,700 are in the Information and Technology sector, 3,600 in the health sector, and about 1,700 are active in the agriculture sector.

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