Piyush Goyal launches the Startup India Seed Fund Scheme
Admin
Apr 21, 2021 01:34
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Piyush Goyal today launched the Startup India Seed Fund Scheme (SISFS). The Fund aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization. The Scheme was announced by the Hon’ble Prime Minister, Shri Narendra Modi on 16th January 2021 in his Grand Plenary address of ‘Prarambh: StartupIndia International Summit’, marking the five-year anniversary of the Startup India initiative. 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 an estimated 3,600 startups through 300 incubators.
