The Department for Promotion of Industry and Internal Trade (DPIIT) announced a slew of measures to enable startups’ overall growth through its ‘Startup India Vision 2024’ document. The department is looking to facilitate the launch of 50,000 new startups by 2024 and generate 20 lakh direct and indirect jobs as per reports. Among the other measures proposed by DPIIT included launching 500 new incubators and accelerators, 100 innovation zones in urban local bodies and making seven research parks operational to support innovative startups. In terms of providing financial support to startups, the department proposed allocating entire corpus of Rs 10,000 crore Fund of Funds along with enhancing CSR funding to incubators. According to a Nasscom report on the Indian startup ecosystem last year, there are close to 8,000 technology startups in India after the US and China. However, according to the budget documents, the government in this year’s budget reduced the allocated amount for Startup India to Rs 25 crore from the revised estimate of Rs 28 crore in FY19. The government, however, had increased allocation for Make in India programme to Rs 473.3 crore for 2019-20 from the revised estimate of Rs 149 crore in 2018-19.