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Indian govt announces Rs 1,000 crore funding scheme to support startups in the space sector
- Indian government will provide Rs 1,000 crore to support space startups.
- The venture capital fund will be managed by SIDBI Venture Capital Limited.
- The funding will be deployed over five years, with increasing annual allocations.
- Department of Space's budget has increased to Rs 13,416 crore, encouraging private sector participation.
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