Top 10 Government Schemes to Support Start-ups in India

Outlook Start-Up Desk

Startup India Initiative

Over 50,000 startups have been recognized under this scheme, which offers tax benefits for up to 7 years (10 years for biotech firms). The initiative has created 5.5 lakh jobs and supports entrepreneurs through a range of benefits, fostering innovation and business growth

eBiz Portal

An online platform for government-to-business collaboration (G2B), created by Infosys, this platform aims to streamline interactions between businesses and government, enhancing efficiency and accessibility

Atal Innovation Mission (AIM)

Launched by NITI Aayog in 2016, the Atal Innovation Mission (AIM) fosters innovation by developing new programs and policies offering up to Rs 10 Crore in funding over five years to support emerging organizations in sectors such as health, agriculture, transportation, and education

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

This scheme provides zero-collateral loans to MSME firms, allowing businesses to access loans at discounted interest rates. It supports both new and existing enterprises with loan amounts of up to Rs 100 Lakhs

Aatmanirbhar Bharat App Innovation Challenge

This scheme encourages Indian startups to develop innovative, made-in-India mobile apps. The initiative offers cash prizes for the top apps, with winners including apps like Chingari, YourQuote, and Koo, which have gained recognition for their creativity and impact

Dairy Processing and Infrastructure Development Fund (DIDF)

This initiative aims to support dairy cooperatives, helping them maintain their competitive edge. An allocation of Rs 11,184 Crore has been set aside to aid milk-producing businesses and cooperatives, fostering growth and sustainability in the dairy sector

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Startup India Seed Fund Scheme

This scheme aims to support early-stage startups with a Rs 945 Crore budget. It provides up to Rs 5 Crore in funding, including grants of Rs 20 Lakhs for concept development and up to Rs 50 Lakhs for product growth, helping startups scale and innovate

MUDRA Banks

The Micro Units Development Refinance Agency (MUDRA) provides loans to small businesses, particularly in rural areas. It offers loans of up to Rs 10 Lakhs under three categories: Shishu (for startups), Kishor (for businesses in the growth stage), and Tarun (for established businesses seeking expansion)

Multiplier Grants Scheme (MGS)

This initiative promotes R&D partnerships between academic institutions and the tech industry to develop indigenous products and services. It offers up to Rs 2 Crore in funding for projects lasting under two years and Rs 4 Crore for industrial organizations over three years, encouraging innovation and collaboration

Software Technology Park (STP)

This initiative focuses on the export-oriented growth of computer software and technical services. It incorporates the concept of Export Processing Zones (EPZ) and Technology Parks to promote software development, providing a conducive environment for the growth of the software export industry

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