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GOVERNMENT OF INDIA
MINISTRY OF ELECTRONICS AND INFORMATION TECHNOLOGY
LOK SABHA
STARRED QUESTION NO. *158
TO BE ANSWERED ON: 29.07.2026
ELECTRONICS DEVELOPMENT FUND
†*158. SMT. DELKAR KALABEN MOHANBHAI:
Will the Minister of ELECTRONICS AND INFORMATION TECHNOLOGY be pleased to
state:
(a) the number of start-ups to which assistance has been given under the Electronics
Development Fund (EDF) and the associated funds across the country, State/UT-wise
particularly in the Union Territory of Dadra and Nagar Haveli and Daman and Diu;
(b) the details of the sector-wise funds disbursed to the said start-ups along with their
registered locations;
(c) the criteria adopted for the selection and monitoring of the progress of the start-ups;
(d) whether any start-up from the Union Territory of Dadra and Nagar Haveli and Daman and
Diu has received benefits from this fund and if so, the details thereof; and
(e) the details of steps being taken by the Government to extend the EDF assistance to
emerging technological sectors?
ANSWER
MINISTER OF ELECTRONICS AND INFORMATION TECHNOLOGY
(SHRI ASHWINI VAISHNAW)
(a) to (e): A Statement is laid on the Table of the House.STATEMENT REFERRED TO IN THE REPLY TO LOK SABHA STARRED
QUESTION NO. *158 FOR 29.07.2026 REGARDING “ELECTRONICS
DEVELOPMENT FUND”
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(a) to (e): India’s electronics sector has witnessed a remarkable transformation in recent
years, driven by a series of Government initiatives and industry reforms. The country is
steadily emerging as a global hub for electronics system design and manufacturing.
Electronics Development Fund (EDF) was one of these initiatives of Government of India, to
promote market driven innovation in Electronics System Design and Manufacturing (ESDM).
The EDF was set up as a Fund of Funds, designed to invest in professionally managed
Daughter Funds which are SEBI registered venture funds. These Daughter Funds provided
risk capital to startups and companies developing new technologies in the area of ESDM and
Information Technology (IT). By doing so, the EDF played a crucial role in building a self-
sustaining electronics ecosystem that encourages innovation, product design, and intellectual
property creation within the country.
The selection of startups for investments by the Daughter Funds of EDF were made on the
basis of various parameters which included their innovation capability, indigenous
technology development, and IP creation potential, technical capability of founding team as
well as a scalable and commercially viable business model.
Canbank Venture Capital Funds Ltd. (CVCFL) is the Fund Manager and Ministry of
Electronics and Information Technology is the anchor investor of EDF. As on 30.06.2026,
EDF has invested Rs. 257.77 crore in eight Daughter Funds, which in turn have made
investments of Rs. 1335.77 crore in 128 Companies/Startups. The details of investments of
the Daughter Funds of EDF, sector wise, and location wise are as follows:
S. Registered Location of the No of Sector Total amount
No investee companies Companies invested by
Invested by Daughter Fund
State / UT City Daughter (₹ Crores)
Funds
ESDM IT
1 Karnataka Bangalore 89 56 33 854.54
Belagavi 1 1 0
2 Telangana Hyderabad 7 3 4 129.97
3 Maharashtra Mumbai 4 2 2 142.48
Pune 4 2 2
4 Tamil Nadu Chennai 5 2 3 62.24
5 Delhi Delhi 6 3 3 99.2
6 Kerala Cochin 5 3 2 13.30
Trivandrum 1 1 0
7 Haryana Gurgaon 2 1 1 23.87
Faridabad 1 1 08 Rajasthan Jaipur 1 1 0 7.5
9 West Bengal Kolkata 1 1 0 0.75
10 Uttar Pradesh Noida 1 0 1 1.85
Total 128 77 51 1335.77
The fund manager of EDF monitors the performance of the Daughter Funds. Daughter Funds
in turn monitor the progress of the invested companies through regular assessment of
operational efficiency, market growth, technology development etc.
Some of the Salient Achievements of EDF are as follows:
● Daughter Funds leveraged EDF Investment to raise ~5X funds from market.
● Total funds raised by supported startups ~ ₹ 22,553.82 crore
● No. of IPs Created / Acquired by the invested startups - 373
EDF is a close ended fund, which has completed its investment phase on February, 2024 and
is currently in the divestment phase.
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