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Saturday, April 8, 2023

Government initiatives for the Startups

Made a list of government initiatives for the Startups. Hope this helps the early stage founders who are searching those sticks to float-

  1. Startup India: A flagship initiative of the Government of India to promote entrepreneurship and innovation. The program offers various benefits such as tax exemptions, funding, and mentorship to startups.
  2. Pradhan Mantri Mudra Yojana: A scheme that provides loans to micro and small enterprises, including startups, to support their growth and expansion.
  3. Stand-Up India: A scheme that provides bank loans between Rs. 10 lakhs and Rs. 1 crore to at least one scheduled caste or scheduled tribe borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise.
  4. Atal Innovation Mission: An initiative to promote innovation and entrepreneurship in India, particularly among students, through various programs such as Atal Tinkering Labs, Atal Incubation Centers, and Atal Community Innovation Centers.
  5. Pradhan Mantri Yuva Yojana: A scheme aimed at promoting entrepreneurship education and training among young people in the age group of 18-29 years.
  6. National Entrepreneurship Awards: An annual awards program to recognize and reward outstanding entrepreneurs and ecosystem builders in India.
  7. Credit Guarantee Fund Scheme for Startups: A scheme that provides collateral-free loans to startups through banks and other financial institutions.
  8. NIDHI (National Initiative for Developing and Harnessing Innovations): A program that provides various support services to startups such as seed funding, incubation, and mentoring.
  9. Biotechnology Ignition Grant: A scheme that provides financial assistance to startups in the biotechnology sector to support their research and development activities.
  10. Electronics Development Fund: A scheme that provides funding and support to startups in the electronics and IT hardware sector.

Reference -

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