INR 1,000 Cr Space Sector Venture Capital Fund Approved by the Cabinet

OVERVIEW A venture capital fund under IN-SPACe with a corpus of INR 1,000 Cr was authorized by the Union Cabinet after being first announced by Finance Minister Nirmala Sitharaman in her budget speech. FY26 to FY30 have been designated by the Center as the years for the deployment of funding. Depending on the company's stage, growth trajectory, and possible influence on the national space arena, the typical investment would be between INR 10 Cr and INR 60 Cr.

The establishment of a Rs. 1000 crore venture capital fund for the space industry under the auspices of IN-SPACe has been approved by the Union Cabinet, which is led by Prime Minister Shri Narendra Modi. S.No. About 40 businesses are anticipated to be supported by the fund based on the funding range mentioned above.