Rs.10,000cr Startup Fund 2.0 approved: PM Modi clears 4 big decisions

Prime Minister Narendra Modi cleared a set of welfare and economic decisions from Seva Teerth, the newly inaugurated Prime Minister’s Office complex, with measures spanning emergency healthcare support, women’s livelihood programmes, farm infrastructure financing, and early-stage startup funding.

At the centre of the approvals is a new accident-relief framework that aims to remove the immediate cost barrier that often delays treatment after road crashes, alongside expansions of two flagship funding programmes meant to deepen rural incomes and unlock private investment.

Cashless treatment cover for accident victims: PM RAHAT

The government has approved the launch of the PM RAHAT scheme under which accident victims will be eligible for cashless treatment of up to ₹1.5 lakh, intended to ensure urgent medical care is not held up due to the inability to arrange funds.

A related government note on cashless treatment for road accident victims states that the cover is up to ₹1.5 lakh per victim , with a maximum cap of seven days from the date of the accident, applicable to road accidents involving motor vehicles across road categories. Implementation details such as hospital onboarding and claim processes are expected to be operationalised through subsequent guidelines.

Lakhpati Didi target doubled to 6 crore

In a major scale-up of its women’s livelihood push, the government has doubled the target of the Lakhpati Didi initiative to 6 crore, with official updates indicating a new milestone timeline extending to March 2029.

The programme, linked to self-help group ecosystems, is positioned as a route to strengthen household-level earning capacity and financial self-reliance, with the expanded target signalling a sharper focus on women-led income generation in rural India.

Bigger farm infra financing and a fresh startup fund-of-funds

The Agriculture Infrastructure Fund (AIF) target has been doubled from ₹1 lakh crore to ₹2 lakh crore, a move the government says is aimed at strengthening post-harvest and allied infrastructure—an area that directly affects wastage, storage capacity, and the ability of farmers to secure better price realisations.

Alongside this, the government has also approved Startup India Fund of Funds 2.0 with a corpus of ₹10,000 crore, intended to support early-stage startups and encourage innovation, including deep-tech research.

Officials framed the four decisions as aligned with a citizen-first governance approach, with the rollout now expected to move into ministry-level implementation—covering eligibility, funding architecture, and on-ground delivery systems for each programme.