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Startup India Seed Fund Scheme

  • IASbaba
  • February 6, 2021
  • 0
UPSC Articles
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Startup India Seed Fund Scheme

Part of: GS Prelims and GS- III – Start-ups, Innovation 

In news 

  • Startup India Seed Fund Scheme (SISFS) has been approved for the period of next four years starting from 2021-22. 

Key takeaways 

  • It will be implemented with ar effect from 1st April 2021. 
  • Aim: To provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. 
  • Rs. 945 Crore corpus will be divided over the next 4 years for providing seed funding to eligible startups through eligible incubators across India. 
  • The scheme is expected to support about 3600 startups.

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