Startup India Seed Fund Scheme – UPSC Prelims

Startup India Seed Fund Scheme:
  • Objective: Fund has been set up to provide initial capital to the startups. After that start-ups will be provided with the Govt. Guarantees, to help them raise debt capital.
  • Coverage: The fund would offer financial assistance to startups for proofs of concept, prototype development, product trials, market-entry, and commercialization of products or ideas.
  • Funding: The Scheme will offer startups up to Rs. 20 Lakhs as a grant for Proof of Concept. Upto Rs. 50 Lakhs can also be availed through convertible debentures or debt or debt-linked instruments for commercialization.
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