In a significant boost to India’s fast-growing artificial intelligence ecosystem, the Ministry of Electronics and Information Technology (MeitY) and the Indian Venture and Alternate Capital Association (IVCA) have mobilised ₹500 crore in venture capital commitments aimed specifically at AI startups. The move signals a deeper alignment between government policy and private capital to accelerate India’s ambitions of becoming a global AI powerhouse.
The newly announced corpus is expected to be channelled into early- and growth-stage AI ventures working across sectors such as healthcare, agriculture, fintech, manufacturing, climate tech, and governance. The collaboration underscores a broader s
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