Yes. But its a mssive org. He couldnt make a diff.
Question in India is not only of error of judgement, but also error of intent.
But let me tell you a story and expound on it which does support your point, though i would still not go for wholesale condemnation of Babus.
There is this Start Up
@DaakiaConnects which I mentioned in other post too. Incubated by MEITY and STPI in field of Enterpise Communication like Teams, Zoom etc. Holding Indian and US patent since 2020 for a fearure which is now used by almost all.
While in diacussion with founder, he said it is difficult to raise fund. It was infirmed to him that government has made many initiatives, Fund of Funds, MSME funds, collateral free loans. Total funds from various schemes would exceel 30-40 Thousand crores. Why not apply there?
Well, he said with a sense of resignation that not only has he applied in all schemes, even SIDBI Venture Funds, he has applied to every corporates, private HNIs, almost every VC in India. Almost 500 ! Just imagine!
A few responses in single digits, asked him to revert when he was cash positive! Almost when he didnt need money.
So where are those government funds going? And IP holding Start Ups not getting funded?
This surely is not ONLY Babus. This is the mindset we are talking about.