Rs 135 crore under Startup India Seed Fund Scheme

Rs 135 crore under the Startup India Seed Fund Scheme, the skills development ministry said in response to a question in Lok Sabha.

 

The Startup :

India Seed Fund Scheme (SISFS) has been implemented from April 1. 2021. Under the scheme, a corpus of Rs 945 crore will be spent over the next four years for providing seed funding to eligible startups through eligible incubators across India. It will support an estimated 3,600 entrepreneurs through 300 incubators in the next 4 years.

Further, under the ‘Call for Application’ for startups, which was launched on July 19, 2021, applications have been received from 1,446 startups under the scheme.
“Out of this, 95 startups have been selected for funding as on November 16, 2021 with a total grant of Rs 9.70 crore,” it said on Monday.

According to the ministry of skills development and entrepreneurship :

as on October 27, 2021, Small Industries Development Bank of India (SIDBI) has committed Rs 5,894 crores to 75 alternative investment funds (AIFs) out of which Rs 7,381 crores have been invested in 517 startups across India.
The government has established a Fund of Funds for Startups Scheme (FFS) to meet the funding needs of startups across the country. The total corpus of Rs 10,000 crores is envisaged to be provided over the 14th and 15th Finance Commission cycles based on progress of the scheme and availability of funds.

“Out of this, 95 startups have been selected for funding as on November 16, 2021 with a total grant of Rs 9.70 crore,” it said on Monday.

As many as 34 incubators will get a grant of Rs 135 crore under the Startup India Seed Fund Scheme, the skills development ministry said in response to a question in Lok Sabha.

The Startup India Seed Fund Scheme (SISFS) has been implemented from April 1. 2021. Under the scheme, a corpus of Rs 945 crore will be spent over the next four years for providing seed funding to eligible startups through eligible incubators across India. It will support an estimated 3,600 entrepreneurs through 300 incubators in the next 4 years.

Further, under the ‘Call for Application’ for startups, which was launched on July 19, 2021, applications have been received from 1,446 startups under the scheme.
“Out of this, 95 startups have been selected for funding as on November 16, 2021 with a total grant of Rs 9.70 crore,” it said on Monday.

According to the ministry of skills development and entrepreneurship, as on October 27, 2021, Small Industries Development Bank of India (SIDBI) has committed Rs 5,894 crores to 75 alternative investment funds (AIFs) out of which Rs 7,381 crores have been invested in 517 startups across India.

The government has established a Fund of Funds for Startups Scheme (FFS) to meet the funding needs of startups across the country. The total corpus of Rs 10,000 crores is envisaged to be provided over the 14th and 15th Finance Commission cycles based on progress of the scheme and availability of funds.

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