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Indian startups can receive Rs 30 lakh in funding, expert mentoring, investor access and business support through the FICCI Mercedes-Benz Bharat Innovation & Business Ideas Challenge backed by DPIIT. Here's how the programme works.

Addressing the media in the national capital today, he said that innovation in thought and action will drive the future capability development of India's Armed Forces.

According to the company, the fund aims to support founders during the initial stages of building their businesses, when access to institutional capital and operational support is often limited.