Top Government Schemes For Startups In India

Sentinel Digital Desk

1. Atal Innovation Mission (AIM)

Under this startup scheme, AIM grants approx ₹10 Crores financing to the chosen firms over five years. Emerging organisations in health, agriculture, transportation, education, etc., can apply for this scheme.

2. Startup India Seed Fund Scheme

The government of India introduced the Startup India Seed Fund Scheme in January 2021, hoping to support relatively early-stage enterprises. The chosen entrepreneurs under this government startup scheme will receive up to ₹5 Crores in funding.

3. Startup India Initiative

As of June 2021, over 50,000 firms have been recognised via this startup scheme in India, which provides tax benefits to entrepreneurs for a little more than five years. Additionally, it created 5.5L jobs too.

4. Aatmanirbhar Bharat App Innovation Challenge

Introduced in July 2020, this government startup scheme encouraged Indian startups to collaborate and create solutions made in India — for the benefit of those in the country and worldwide.

5. eBiz Portal

eBiz is the first online forum for government-to-business collaboration (G2B). Created by Infosys, this helped modernise the nation and serves as a focal point for communication for all business investors and entrepreneurs in India.

6. Software Technology Park (STP)

The Software Technology Park (STP ) is a system that is 100% export-oriented to increase and export computer software and technical services via physical media or communications infrastructure.

7. Dairy Processing and Infrastructure Development Fund (DIDF)

It helps dairy cooperatives maintain their competitive edge for the long-term benefit of farmers. 

8. MUDRA Banks

The MUDRA banks offered loans for small businesses that aren't farms, microenterprises, or corporations in the amount of up to ₹10 Lakhs. The loan categories are called Tarun, Shishu, and Kishor.