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Startup India Seed Fund Scheme

Startup India Seed Fund Scheme

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(Mitesh Solanki)

  • Startup India Seed Fund Scheme is launched by Ministry of Commerece and Industy.
  • This scheme will provide financial support to the Startups for prototype development, proof of concept, production trial as well as market entry.
  • Total 945 Cr. Rupees will be issued in coming next four years to Startups which will be sufficient for 3600 Startups and many Incubators.
  • Above scheme is aimed to provide financial support to those Startups which are in Tier-2 & Tier-3 cities where generally shortage of funding is felt.
  • Under this scheme, for prototype development and production trial Rs. 20 lakh and for scaling up of product Rs. 50 lakh will be issued.
  • DPIIT and Internal Trade will form an Expert Advisory Committee to monitor the overall implementation of scheme.

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