SIDBI Chairman S Ramann announces that the Fund of Funds for Start-ups (FFS) has allocated Rs 9,500 crore to support new ventures, as part of the Start-up India Action Plan. Launched in 2016 with a corpus of Rs 10,000 crore, the FFS aids innovation-driven enterprises by investing in SEBI-registered Alternative Investment Funds (AIFs). Over 100 AIFs have raised an additional Rs 56,000 crore, showcasing remarkable fundraising efforts. Ramann emphasizes the need for easy exits and improved ease of doing business to attract more offshore capital. Additionally, the interim budget proposes extending tax benefits for start-ups and investments in IFSC units until March 31, 2025.