Quick Summary
Shri Piyush Goyal launches the Startup India Seed Fund Scheme; Minister says the scheme will Secure seed funding, Inspire innovation, Support transformative ideas, Facilitate implementation, and Start startup revolution; 3,600 startups are expected to benefit from the scheme; Minister of Railways, Commerce Industry, Consumer Affairs and Food Public Distribution Shri Piyush Goyal today launched the Startup India Seed Fund Scheme (SISFS). The Fund aims to provide financial assistance to
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FAQ :
The Startup India Seed Fund Scheme is a government initiative launched by Shri Piyush Goyal to provide financial assistance to startups for various stages, including proof of concept, prototype development, market entry, and commercialisation.
A corpus of Rs. 945 Crore will be divided over the next four years to provide seed funding to eligible startups through selected incubators across India.
The scheme is expected to support an estimated 3,600 startups through 300 incubators.
Startups can receive grants of up to Rs 20 lakhs for validation of proof of concept or prototype development, and investments of up to Rs 50 lakhs for market entry, commercialisation, or scaling up.
Detailed guidelines for the Startup India Seed Fund Scheme are available on the Startup India portal at www.startupindia.gov.in.
The scheme aims to secure seed funding, inspire innovation, support transformative ideas, facilitate implementation, and start a startup revolution, particularly encouraging entrepreneurs in Tier 2 and Tier 3 towns and rural areas.
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