Small Industries Development Bank of India (SIDBI) has cleared $140 million from the $302 million fund-of-funds launched in August for supporting VC funds. India Aspiration Fund (IAF), under SIDBI has screened 30 VC funds since launch and has issued sanction letters to more than half of them. Funds supported through IAF include Blume, Orios, Yournest, Ivy cap and Infuse Ventures.