Start-up India Seed Fund Scheme

  • On 5th February, 2021, government approved the Startup India Seed Fund Scheme (SISFS) for the period of next four years starting from 2021-22.
  • It seeks to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization.
  • It will be implemented with effect from 1st April 2021 and Rs. 945 Crores corpus will be divided over the next 4 years for providing seed funding to eligible startups through eligible incubators across India.
  • The scheme was announced by the Prime Minister during India’s international summit Prarambh held in January, 2021.

Impact

  • The scheme is expected to support ....
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