Schemes For Startups In India

1. SAMRIDH Scheme

Perks:

• Startups will be given a platform through this scheme to improve their product and receive financing in order to develop their firm.
  
  
• Existing and new accelerators will be given assistance in expanding their services. The government is planning to grant a capital upto Rs 40 lakh to entrepreneurs under this scheme according to their present valuation and growth stage through accelerators.

Who can apply:

• The Accelerator must have been in the incubation business for at least three years.
  
  
• Accelerator should have a presence in India.
  
  
• Accelerators must have the appropriate space and infrastructure to conduct startup activities.

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the SAMRIDH scheme.

2. Startup India Seed Fund Scheme

Who can apply:

• DPIIT recognises a startup that has been in existence for less than two years at the time of application.
  
  
• The startup must have a business plan for a product or service that is market fit, commercially viable, and scalable.
  
  
• To solve the problem being targeted, the startup should use technology in its primary product or service, business model, distribution mechanism, or approach.

How to connect :

You can connect with the relevant authority by visiting the website of SIFS to apply for the startup India seed fund scheme.

3. Startup Leadership Program

Perks :

• Professional development and coaching.
  
  
• Strong network of entrepreneurs and venture capitalists.
  
  
• Focused skill development.

Who can apply?

Validation, EarlyTraction, Scaling startups in India.

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the startup leadership program scheme.

4. The Venture Capital Assistance Scheme

Who can apply?

• At least 51 percent shareholding by Scheduled Castes entrepreneurs for the previous 6 months with management control.
  
  
• A newly formed Company that is a successor entity of a Proprietary Firm or Partnership Firm, One Person Company (OPC), Limited Liability Partnership (LLP), or any other establishment incorporated under any law in force, and the predecessor entity had at least 51 percent shareholding by Scheduled Caste entrepreneurs for the previous 6 months with management control.

How to connect : You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

5. Pradhan Mantri Mudra Yojana

Perks and Benefits

• MSMEs in the production, trading, and service sectors can apply for finance through the Mudra loan scheme.
  
  
• Borrowers are not obliged to offer protection or collateral, which is one of the major advantages. Mudra loans also don't come with any processing fees.
  
  
• The credit lines provided by the PMMY can be utilized for a variety of things. Mudra loans can be used for term loans, overdrafts, letters of credit, and bank guarantees, among other things.
  
  
• If you take out a MUDRA loan, you'll enjoy special interest rate discounts if you're an SC/ST business owner.

Who can apply?

• The Mudra Shishu Loan scheme offers loans up to Rs. 50,000 to young businesses and start-ups.
  
  
• Existing businesses can acquire loans ranging from Rs. 50,001 to Rs. 5,00,000 through the Kishor Loan Program to purchase equipment, new machines, or raw materials.
  
  
• Under the Tarun Loan Scheme, loans ranging from Rs. 500,001 to Rs. A total of $10,00,000 is provided to established companies and organisations.

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

6. Support for International Patent Protection in Electronics and & Information Technology (SIP-EIT)

• The maximum reimbursement ceiling has been established at Rs. 15 lakhs per innovation, or 50% of the total charges incurred in filing and processing a patent application, whichever is less.
  
  
• This assistance program can be used at any stage of the applicant's foreign patent application. However, the reimbursement will only apply to expenses incurred after DeiTY has accepted a complete application, and only if the appropriate authority approves.

Who can apply?

• The Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006, requires the company to be registered with the Indian government.
  
  
• The applicant must be a company registered under the Government of India's Companies Act and must meet the investment restrictions in plant and machinery or equipment set out in the MSMED Act 2006, as modified from time to time.
  
  
• The amount of investment in PME by a company to be registered as a Software Technology Park unit must be less than the MSMED Act, 2006 restrictions.
  
  
• A company must be a technological incubation startup, an enterprise, or be based in an incubation center/park and be registered as a business. If a firm is situated in an incubator or park, it must also have a certificate from the facility.

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

7. Stand-Up India

Perks and Benefits

• The bank's absolute lowest low-interest rate it can provide.
• Reimbursement for up to 3/4 of the project's total expenditures.
• Loan payback time is extensive, with a particularly extended moratorium period.
• Security is kept to a bare minimum.

Who can apply?

• The applicant must be a member of the SC/ST community and/or a woman entrepreneur who is at least 18 years old.
• Only startups or new firms in the manufacturing, service, or trading sectors are eligible for loans.
• In the event of a private limited firm, either SC/ST and/or Women Entrepreneurs should have 51 percent of the shareholding and controlling stake.
  
• The applicant should not have any outstanding debts with any bank or financial institution.

How to connect : 

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

8. Single Point Registration Scheme (SPRS)

Perks and Benefits

• Tender sets will be distributed for free.
  
  
• The payment of the Earnest Money Deposit will be waived for qualified micro and small businesses (EMD).
  
  
• MSEs quoting prices within the L1+15 percent price band will be allowed to supply up to 20% of the requirement by lowering their pricing to L1 Price, where L1 represents non-MSMEs.
  
  
• All central ministries, departments, and public-sector organisations must set an annual objective of purchasing at least 20% of their total annual purchases from MSMEs.
  
  
• 4 percent of the annual demand for MSMEs procurement from Schedule Caste/Scheduled Tribes is set aside for units owned by Schedule Caste/Schedule Tribes.
  
  
• About 358 items have been earmarked for exclusive purchase from MSMEs.

Who can apply?

• MSMEs that are registered with the Director of Industries (DI) or District Industries Centre (DIC) as production firms are qualified for SPRS.
  
  MSMEs that have a Udyog Aadhar number or an acceptance of the Entrepreneurs' Memorandum (EM Part-II) are also eligible.
  
  
• Finally, the Single Point Registration Scheme is open to MSMEs that have begun commercialization but have not yet completed one year of operation.

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

9. High-Risk, High-Reward Research

Who can apply?

• The applicant must be an Indian citizen who currently resides in India.
  
  
• A regular academic/research post in a recognized institution must be held by the applicant.
  
  
• A single investigator or a group of investigators can submit a proposal. A Principal Investigator must be identified in proposals filed by a group of investigators, who will spearhead the research objectives and oversee the funding.

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

10. Dairy Entrepreneurship Development Scheme

Perks and Benefits

• The program aims to provide financial assistance for the establishment of small dairy farms as well as other components to help the dairy industry undergo structural changes.
  
  
• Individuals, SHGs, NGOs, cooperatives, and businesses can receive assistance under the plan in the form of an Interest-Free Loan (IFL) for specific components.

Who can apply?

• Farmers, business owners, NGOs, enterprises, unorganised and organised sector groups, and so on. Self-help groups, dairy voluntary organisations, milk unions, and milk federations are examples of organised sector organisations.
  
  
• An individual will be eligible for help for all of the scheme's components, but only once per component.
  
  
• The program can help more than one member of a family if they establish individual sections with distinct infrastructure in various areas. The distance between two such fields' boundaries should be at least 500 metres.
  

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

11. Revamped Scheme of Fund for Regeneration of Traditional Industries (SFURTI)

The Revamped SFURTI Cluster will strengthen the program's long-term viability by establishing a Special Purpose Vehicle (SPV) or designated SPV.

Perks and Benefits

• The project aims to develop the skills and production capacities of indigenous and traditional craftspeople in rural India's numerous clusters, allowing them to gain meaningful employment and economic success. This is accomplished through specialized training and multiple exposure visits.
  
  
• The SFURTI plan establishes practical arrangements for both facilities and centres. It equips craftsmen and employees with a better range of equipment and tools to help them improve the quality of their products and services. Indirectly, the method ensures that the many resources accessible to an artisan are used to their full potential.

Who can apply?

• Non-Governmental Organisations (NGOs), Central and State Government institutions and semi-Government institutions, State and Central Government field functionaries, Panchayati Raj institutions (PRIs), and those with appropriate experience to conduct cluster development.
  
  
• By developing cluster-specific SPVs, private sector and corporate firms can also take on projects directly.
  
  
• As Implementing Agencies, commercial and corporate social responsibility (CSR) organisations with specialisation in development are encouraged to apply. If a private industry company is the IA, it must donate at least half of the entire project cost, except land costs.

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

12. Small Business Innovation Research Initiative (SBIRI)

It has helped small and medium-sized businesses' creativity and contingency by putting together the private industry, public institutions, and the government under one roof to foster technology and development in the Indian biotechnology segment.

Perks and Benefits

• To encourage the industry to fund pre-proof-of-concept biotechnology research at an early stage.
  
  
• To encourage the development of novel indigenous technologies, particularly those that address social needs in fields such as healthcare, food and nutrition, agriculture, and other fields.
  
  
• To help new businesses forge relevant links with academia and government by nurturing and mentoring innovative and developing technologies and entrepreneurs.

Who can apply?

• Primarily by a company registered under the Companies Act, 2013.
  
  
• A Limited Liability Partnership (LLP) is formed under the Limited Liability Partnership Act, 2008
  
  
• Joint Projects by any of the above organisations together with others in the shape of a company/LLP (universities or institutes).

How to connect : 

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

13. 4E (End to End Energy Efficiency)

services of technical consultants at a fair cost with an assurance of service performance and cost savings.

• The cost of a standard comprehensive energy audit, implementation support, and M & V is between Rs. 1.5 and 2.5 lakhs. For micro and small-scale units, ISTSL charges Rs. 30,000 + applicable taxes (i.e., Rs. 35,400/-inclusive of taxes).
  
  For medium category units (assuming GST of 18%), the cost is Rs. 45,000 + applicable taxes (i.e. Rs. 53,100/- inclusive of taxes). Considering the 18% GST rate,
  
  
• All of the energy-consuming equipment is covered by the complete energy audit. The recommendations will be based on current system refurbishments, refurbished gear installations, and system upgrades.

Who can apply?

• Micro, Small, and Medium Enterprises (MSME) in the production of goods or services are eligible for the SIDBI 4E scheme. The applicant unit must have been in existence for three years. In the previous two years of operation, the applicant should have made a profit in cash.
  
  
• The plant must submit a Detailed Energy Audit (DEA) and a Project Schedule Report to qualify for a loan under the SIDBI 4E scheme (DPR).

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

14. Sustainable Finance Scheme

Perks and Benefits

• In development or existing, MSME units would be available for support under the scheme, according to the MSMED Act 2006's definition.
  
  
• Existing units must have a proven track record of previous performance and a healthy financial condition, and they must not be in debt to organisations or banks.
  
  
• According to the internal credit rating framework, the units should have a baseline credit rating of investment grade or comparable.
  
  
• Solar power plants, wind energy generators, small hydroelectric projects, biomass gasifier power plants, and other renewable energy projects for captive and non-captive use.
  
  
• Waste management is included in any potential CP investment.

Who can apply?

• Solar power plants, wind energy generators, mini-hydropower projects, biomass gasifier power plants, and other renewable energy projects for captive and non-captive energy sources.

• OEMs that manufacture energy-efficient, cleaner production, or green machinery or equipment will receive appropriate help. Either the OEM must be an MSME, or it must supply a significant number of MSMEs with its products.

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

15. Promoting Innovations in Individuals, Start-ups, and MSMEs (PRISM)

Perks and Benefits

• Individual inventors looking for grants, professional mentoring, and technical assistance to facilitate the formation of a startup firm in stages can benefit from this program.
  
  
• It also assists technology service providers that are developing technology solutions to aid the MSME sector.

Who can apply?

• Any Indian citizen, such as student innovators, can receive assistance in transforming their original ideas into provable prototypes or mockups.
  
  
• Productive PRISM inventors are innovators who have established prototype systems with the help of other government institutions or agencies.
  
  
• Any institute/autonomous supported laboratories, academic institutes, etc.

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

16. International Cooperation (IC) Scheme

• Under the program, eligible applicant companies would be given financial support to participate in trade shows, trade fairs, and buyer-seller meetings conducted in foreign countries to promote Indian technologies.

Who can apply?

• The firm should be legally vetted (i.e., companies under the Companies Act, societies under the Societies Act, and so on) with the primary goal of MSME growth.
  
• The firm must have been involved in a similar operation for at least three years and have a proven track record.
  
  
• The firm's accounts should have been audited regularly for the previous three years.
  
  
• Events that are seeking financial support under the scheme must have a major international component.

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

17. Aspire-A Scheme for Promotion of Innovation, Rural Industries, and Entrepreneurship

• A one-time payment of 50% of the cost of plant and machinery, excluding infrastructure and land, or up to Rs.50 lakh, whichever is less, is available.
  
  
• To establish centres dedicated to company formation and development in the domain of agricultural industry, a one-time grant of 50% of plant and machinery other than infrastructure and land, or a sum up to Rs. 30 lakh, whichever is less, is awarded.

Who can apply?

• Any entrepreneur who wants to start a business.
  
  
• Any technical/university/research institute, especially those specialising in rural and agro-based industries.
  
  
• Entrepreneurs' Memorandum Registration is required for all MSMEs.
  
  
• In the fields of technology, business management, rural development, and entrepreneur development.
  
  
• Any established incubator in India serves the various Ministries and Departments of the Government of India, as well as educational institutions. 

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

18. Ayurvedic Biology Program

In addition, the Task Force was established to advance the discipline of Ayurvedic Biology.

Perks and Benefits

• In terms of current sciences such as molecular biology, immunology, and Chemistry, develop a fundamental understanding of Ayurvedic principles, techniques, and products.
  
  
• Aid to foster the development of human resources in Ayurvedic Biology.
  
  
• It may help to promote collaborative research with national institutes that are engaged in traditional remedies studies and may have an interest in Ayurvedic biology.

Who can apply?

• The applicant must be an Indian citizen who lives in India.
  
  
• A regular academic/research post in a recognized institution is required of the applicant(s).
  
  
• A single investigator or a group of researchers can apply for funding.
  
  
• A Principal Investigator must be identified in proposals filed by a group of investigators, who will lead the research goals and oversee the funding.

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

19. Technology Development Programme

Perks and Benefits

• Help in developing and deploying technology in targeted areas using a comprehensive approach.
  
  
• Help to promote the use of advanced/modern technology to solve socio-economic problems; promote the modernization of traditional technologies, techniques, and skills.
  
  
• This will assist in improving the quality and performance of traditional and non-traditional items.
  
  
• Encourage advancements in the use of R & D.

Who can apply?

• Scientists, engineers, and technologists, particularly in educational institutions/registered community institutions/laboratories with suitable infrastructure and facilities to conduct technology development work or prototype creation, could apply for financial assistance.

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

20. Self Employment Lending Schemes Credit Line 2-Term Loan Scheme

• A minimum of 5% of the project cost must be contributed by the beneficiary.
  
  
• The claimant is paid an interest rate of 8% p.a. on the declining balance technique for male claimants and 6% p.a. for female claimants.
  
  
• SCAs have a 3% annual interest rate.
  
  
• 6-month moratorium period.
  
  
• Applicants have a five-year repayment period.
  
  
• SCAs have a repayment period of 8 years.
  
  
• Financing Options SCA:Benef. Contribution- 90: 5: 5 NMDFC: SCA:Benef. Contribution- 90: 5: 5 NMDFC: SCA: Benef
  
  
• Duration of Use : 3 Months

Who can apply?

• Anyone who meets the NDMFC requirements is eligible to apply.

• Individuals belonging to minority societies will be the straightforward beneficiaries of NMDFC, and under Credit Line 2, subsidised credit will be offered to a section of the minority population with an annual family income of up to Rs.6.00 lacs, as described by the Government of India's "Creamy Layer" factor.

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

21. Virasat-A Credit Scheme for Craftspersons

• Interest rates are 1% lower than those charged under the term loan plan (offered by NMDFC).
  
  
• In addition, women artists are eligible for a 1% loan rebate.
  
  
• Hunar Haat Exhibitions are held by the NMDFC to promote traditional crafts. This gives artists a place to sell and receive orders for their objects.

Who can apply?

• Muslims, Christians, Sikhs, Buddhists, and Parsis are among the registered minorities. In January of 2014, the Jains community was put on the list of recognized minority communities.
  
  
• Craftsmen with an annual household income of Rs 81,000 in rural regions and Rs 1.03 lacs in urban areas are eligible for the credit line.
  
  
• Priority will be given to craftsmen who participate in MNDFC's Hunar Haat displays.
  
  
• Artists who have already been sponsored by the government's subsidised credit plan will not be allowed to apply for a loan under this scheme.

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

22. Coir Udyami Yojana (CUY)

Perks and Benefits

• The project's maximum allowable cost is ten lakhs plus working capital, which cannot exceed 25% of the total cost. To meet working capital requirements, banks should consider composite loans rather than term loans.
  
  This should be in addition to the recommended maximum of Rs. 10 lakhs. The subsidy, on the other hand, will be calculated without the working capital component.
  
  
• Contribution of the Beneficiary 5% of the project's total cost
  
  
• The rate of bank credit is 55%.
  
  
• Subsidy percentage : 40% of the project.

Who can apply?

• Individuals, businesses, self-help groups, non-governmental organisations, organisations established under the Societies Registration Act 1860, manufacturing co-operative societies, credit guarantee groups, and charitable trusts are all eligible to apply.

How to connect :

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

23. Raw Material Assistance Scheme

• Bulk supply arrangements allow materials to be delivered at a bulk supplier's rate, cutting out the intermediaries and allowing things to be procured at a lower cost.
  
  
• Discounts obtained through bulk supply agreements are shared with MSMEs, allowing them to lower their material acquisition costs (Economies of scale).
  
  
• The raw material on credit is available, allowing MSMEs to complete requests on the spot.

Who can apply?

Every manufacturing MSME with a Udyog Aadhaar Memorandum (UAM) is eligible to seek help under the program.

How to connect : 

You can connect with the relevant authority by visiting the website of Startup India to apply for the venture capital assistance scheme.

24. E-Travel Trade Recognition

This is to promote tourism in India by encouraging quality, professionalism, and service in these segments.

Perks and Benefits

• Accreditation in the domestic and international market by Indian tourist bureaus will boost the applicant's reputation.

Who can apply?

Applicants include travel agents, tour operators, adventure tour operators, and tourist transport operators, as well as hotel owners.

How to connect : 

You can connect with the relevant authority by visiting the website of Startup Indiato apply for the venture capital assistance scheme.

25. Atma Nirbhar Bharat App Innovation Challenge

The government wants to turn Indians into one of the biggest "uploaders" of apps in addition to "downloaders'' as part of the Atma Nirbhar Bharat agenda.

The main motive for launching the scheme-

This Innovation Challenge, which offers a variety of cash prizes and rewards for placing Apps on Leaderboards, aims to foster an environment where Indian entrepreneurs and Startups are encouraged to come up with, incubate, develop, and sustain tech solutions.

Benefits of availing of the scheme-

This can be achieved by preaching the principle of self-reliance, employment, self-reliance, morale booster, no compromise no security.

Who can apply?

• Only Indian entrepreneurs and start-ups are allowed to submit applications in the specified categories. 
  
  
• Students in high school and college may also be eligible for participation, particularly those studying engineering, who are aspiring entrepreneurs and the first to adopt new technological trends.

26. Startup India Initiative

The main motive for launching the scheme-

• The programme was launched to support new businesses in India, where they were proliferating across practically all industries.
  
  
• The programme gave young business owners renewed hope since they saw government support for their fledgling enterprises.

Benefits of availing of the scheme-

• The Startup India project aims to create a robust environment that is supportive to the development of entrepreneurs.
   
  
• It strives to provide startups with the tools they need to use innovation and technology to grow.
  
  
• Numerous perks are offered to business owners launching startups in order to encourage growth and support of  the Indian economy.

Who can apply?

• The start-up cannot be a result of reorganisation.
  
  
• The Startup cannot be more than five years old.
  
  
• The startup's annual revenue cannot exceed Rs. 25 crores.

27. Chunauti

The main motive for launching the scheme-

• The programme attempts to raise educational standards and track the number of pupils who dropout of school.
   
  
• The Chunauti Scheme received a lot of criticism since the pupils' parents and guardians claimed it discriminated against them.

Benefits of availing of the scheme-

To offer students in Government and Municipal Corporation of Delhi schools special education and classes regarding the learning capacities.

Who can apply?

Students of class 9 and 10.

28. Qualcomm Semiconductor Mentorship Program (QSMP)

The main motive for launching the scheme-

• For this Mentorship Program, Qualcomm India will choose up to 10 Indian semiconductor firms, and each will be paired with a Qualcomm India leader for guidance on product development.
   
  
• Regular face-to-face or online meetings between the startup and the mentor will take place.

Benefits of availing of the scheme-

• It would encourage the development of new technologies.
  
  
• It will help to lower innovation risks, speed up firm development, and help Indian semiconductor design companies build their knowledge bases and soft skills.
  
  
• Access to domain experts, venture capitalists, accelerators, incubators, and industry associations will be made available to the selected startups.

29. India Water Pitch-Pilot-Scale Startup Challenge

• The main motive for launching the scheme- Visit the website to know more.

30. Ministry of Skill Development and Entrepreneurship

• The main motive for launching the scheme- Visit the website to know more.

31. ATAL Innovation Mission

• The main motive for launching the scheme- Visit the website to know more.

32. eBiz Portal

The start-up scheme will be managed through this specific online portal, which will support the community of entrepreneurs and innovators in technology and business processes.

• Benefits of availing of the scheme- Visit the website to know more.
  
  
• Who can apply for the scheme- Visit the website to know more.
  
  
• The main motive for launching the scheme- Visit the website to know more.

33. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

the Government of India, and the Small Industries Development Bank of India (SIDBI) established the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

• Benefits of availing of the scheme- Visit the website to know more.
  
  
• Who can apply for the scheme- Visit the website to know more.
  
  
• The main motive for launching the scheme- Visit the website to know more.