<ul><li>The Union Cabinet has approved the establishment of a Rs 1,000 crore Venture Capital Fund for space sector startups.</li><li>The fund will be managed by the Indian National Space Promotion and Authorisation Centre (IN-SPACe).</li><li>It aims to accelerate innovation, retain domestic talent, and boost India's global competitiveness in space technology.</li><li>The fund will support approximately 40 startups, with individual investments ranging from Rs 10 crore to Rs 60 crore.</li></ul>

Union Cabinet approves Rs 1,000 crore Venture Capital fund for space sector startups

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