The Small Industries Development Bank of India (SIDBI) is a financial institution that supports the space industry by managing venture capital funds. Specifically, SIDBI Venture Capital Limited (SVCL), a wholly-owned subsidiary, manages a ₹1,000 crore fund aimed at boosting space tech startups in India, disbursing capital over five years to support companies across various stages of growth. They also participate in funding rounds for space situational awareness companies like Digantara. SIDBI's involvement aims to foster innovation, create jobs, and expand India's space economy.
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