Startup India Seed Fund Scheme

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.