Sign In
Learn bits
Economy
Pradeep Kumar

06/02/21 09:19 AM IST

Startup India Seed Fund Scheme

In news

Startup India Seed Fund Scheme (SISFS) has been approved for the period of next four years starting from 2021-22.

Aim

The Scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. 

Highlights
  • It will be implemented with effect from 1stApril 2021.
  • 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 about 3600 startups.
Benefits under 'Atmanirbhar Bharat'
  • Rescheduling of Payments – Term Loans and Working Capital Facilities
  • Easing of Working Capital Financing
  • Production-Linked Incentive (PLI) Scheme
  •  Reliefs through Employee Provident Fund (EPF)
  •  EPF contribution reduced for Business & Workers for 3 months
Source: PIB

More Related Current Affairs View All

17 Sep

Reasons Behind the heavy rain in Uttarakhand, Himachal

'Dehradun and several other districts in Uttarakhand have experienced very heavy rainfall over the past few days, triggering landslides in multiple areas and causing rivers to swel

Read More

08 Sep

Rajasthan’s coaching centre Bill

'The Rajasthan Coaching Centres (Control and Regulation) Bill, 2025, is a significant piece of legislation passed by the Rajasthan Assembly to regulate and oversee the state's burg

Read More

28 Aug

IADT-1

'Recently, the Indian Space Research Organisation (ISRO) successfully carried out its first Integrated Air Drop Test (IADT-1), a crucial milestone in the preparation for the countr

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps