The Hon’ble Prime Minister of India announced the scheme in his Grand Plenary
address of Prarambh: Startup India International Summit on 16th January 2021. After
approval of EFC and Hon’ble Finance Minister, the scheme has been notified on
The Seed Fund will be disbursed to eligible startups through eligible incubators across
Easy availability of capital is essential for entrepreneurs at the early stages of growth
of an enterprise.
Funding from angel investors and venture capital firms becomes available to startups
only after the proof of concept has been provided. Similarly, banks provide loans only
to asset-backed applicants. It is essential to provide seed funding to startups with an
innovative idea to conduct proof of concept trials.
DPIIT has created Startup India Seed Fund Scheme (SISFS) with an outlay of INR
945 Crore to provide financial assistance to startups for Proof of Concept, prototype
development, product trials, market entry, and commercialization. It will support an
estimated 3,600 entrepreneurs through 300 incubators in the next 4 years.
Startup India Seed Fund Scheme (SISFS) aims to provide financial assistance to
startups for proof of concept, prototype development, product trials, market entry and
commercialization. This would enable these startups to graduate to a level where they
will be able to raise investments from angel investors or venture capitalists, or seek
loans from commercial banks or financial institutions.
The maximum support can be provided per innovator is up to Rs. 50 lakhs for
convertible debenture and 20 lakhs for Grant.
A start-up, recognized by DPIIT, incorporated not more than 2 years ago at the
time of application.
Start-up must have a business idea to develop a product or a service with
market fit, viable commercialization, and scope of scaling.
Start-up should be using technology in its core product or service, or business
model, or distribution model, or methodology to solve the problem being
Preference would be given to start-ups creating innovative solutions in sectors
such as social impact, waste management, water management, financial inclusion, education, agriculture, food processing, biotechnology, healthcare,
energy, mobility, defence, space, railways, oil and gas, textiles, etc.
Start-up should not have received more than Rs 10 lakh of monetary support
under any other Central or State Government scheme. This does not include prize money from competitions and grand challenges, subsidized working
space, founder monthly allowance, access to labs, or access to prototyping
Shareholding by Indian promoters in the start-up should be at least 51% at the
time of application to incubator for the scheme, as per Companies Act,
2013 and SEBI (ICDR) Regulations, 2018.
The Government of India have launched Startup India Seed Fund Scheme 2022 in
order to build a Startup ecosystem.
This scheme was launched on 16 January 2016 in order to provide opportunities to
entrepreneurs to grow their enterprise.
The announcement to launch this scheme was made by our honorable Prime Minister
Mr. Narendra Modi
Under this scheme Financial assistance up to Rs, 50 lakh will provide to startups at an
early stage through incubators
The government has allocated a budget of Rs 945 crore for this scheme
This fund will be used for proof of concept, prototype development, product trial,
market entry, commercialization, etc
The government is going to provide funds to incubators and the incubators will be
responsible for providing this fund to startups
3600 entrepreneurs through 300 incubators will get the benefit from this scheme in
the next 4 years
Stragtegic Partner Offering
Google cloud credits
ZOHO Apps for business
RBL/BOB/DBS bank accounts
YNOS Venture Engine
Stanford seed spark
Marketing/Training/Workshops @ Sri Ramachandra Hospital, Kauvery Hospital