ALLOCATION OF FUNDS TO STARTUPS
Many Ministries/ Departments of Government of India and State governments have implemented Schemes for funding and supporting startups in different sectors and areas. Details of funding or progress of startups is not centrally maintained.
To provide seed funding to startups through approved incubators across all sectors and areas, the Startup India Seed Fund Scheme was launched by Department for Promotion of Industry & Internal Trade on 16th April, 2021. A grant of Rs. 945 crore has been approved for period of 4 years starting from 2021-22 under the Scheme. As on 31st December, 2021, Rs. 232.75 crore have been approved as grant to 58 incubators, and 146 startups have been funded by such approved incubators.
Information about seed funding from other schemes of Ministries/Departments of Government of India or State Governments is not maintained centrally.
This information was given by the Minister of State in the Ministry of Commerce and Industry, Shri Som Parkash, in a written reply in the Lok Sabha today.
CAclubindia
