The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Business

Startup India will be benefitted by SISFS -CA Julfesh Shah

by TLN Team June 14, 2021June 14, 2021
written by TLN Team June 14, 2021June 14, 2021

With the launching of Startup India Seed Fund Scheme(SISFS),atartups coming up in India will be immensely benefited & startup enterprises will get a boost to take off & achieve the desired targets said renowned industrial consultant CA Julfesh Shah while addressing a Webinar organised by Innovative StartUp Forum(ISF), Bengaluru.

He further said that in April 2021 this scheme was launched by Shri Piyush Goyal,under the aegis of DPIIT through Ministry of Commerce & Industry which basically aim to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry & commercialization.Rs 945 crores corpus has been earmarked for this scheme which will be divided over the next 4 years for providing seed funding to eligible startups through eligible incubators across India.

The scheme is estimated to support 3600 startups through 300 incubators.CA Shah further said that although times are tough for the entrepreneurs due to pandemic but due to strong support & resolution of the Govt.to empower startups  which will go a long way in fulfilling the dream of Atmanirbhar Bharat.This SISFS scheme will secure seed funding,inspire innovation, support transformative ideas, facilitate implementation & ensure Startup revolution.The scheme will create a robust startup ecosystem particularly in Tier 2 & Tier 3 cities of India which are often struggling for funding & are deprived of adequate finance.

In this Scheme Innovators from rural areas will be encouraged & will be given priority.The Government with the motto of Connect, Collaborate & Catalyse,has introduced various other initiatives like Startup Innovation Challenges,Startup Awards,Ranking of States,SCO Startup Forum, Prarambh etc,Shah added.

The promising startups that are supported at their early stages shall create huge employment opportunities & young entrepreneurs with their ability,agility & dedication will definitely be successful in inculcating, incubating & innovating for the nation.

The online portal created by DPIIT, for the scheme, will allow incubators to apply for funds under it. An Experts Advisory Committee (EAC) has been created by DPIIT to execute and monitor the Startup India Seed Fund Scheme. Grants of upto Rs 5 Crores shall be provided to the eligible incubators selected by the EAC.

The selected incubators shall provide grants of up to Rs 20 lakhs for validation of Proof of Concept, or prototype development, or product trials to startups. Furthermore, investments of up to Rs 50 lakhs shall be provided to the startups for market entry, commercialization, or scaling up through convertible debentures or debt-linked instruments.

The detailed guidelines of the Startup India Seed Fund Scheme are provided on the Startup India portal,said CA Shah.Mr.Bosco Fernandez,Convenor of the forum made introductory remarks & welcomed the speaker.Mr.Nimish Doshi proposed vote of thanks of the webinar which was largely attended young entrepreneurs from all parts of the country.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
World Test Champion winner to get USD 1.6 million and Test Championship Mace
next post
Rlys to resume Nagpur -Mumbai-Nagpur Duronto Special from June 16

You may also like

VIALEW celebrated the International Year of Millets 2023...

October 1, 2023

NTPC Mouda begins Swachhata Pakhwada with Pledge and...

October 1, 2023

Kirloskar Oil Engines Launches Largest Range of CPCB...

September 29, 2023

Interaction Meeting with Ms Ebtesam Alkaabi, Head of...

September 20, 2023

Promoting Peace through Literature and Music- Eminent Scholars...

September 17, 2023

Industry meet on Sept 17

September 15, 2023

Loans for Maratha entrepreneurs available through Annasaheb Patil...

September 14, 2023

WCL and Vensar ink MoU for Walani underground...

September 12, 2023

VIA LEW Session on CRM – The Golden Pot...

September 11, 2023

Badjate Stock & Shares Pvt. Ltd. leads the...

August 30, 2023

Trending News

  • MS Swaminathan, eminent agricultural scientist, passes away

    September 28, 2023
  • Heavy Rain – Alert by NMC

    September 23, 2023
  • Holiday announced for schools & colleges in Nagpur district

    September 23, 2023
  • DCM Devendra Fadnavis is continuously monitoring the heavy rain situation in Nagpur.

    September 23, 2023
  • Streets, Houses Submerged After Heavy Rain In Nagpur

    September 23, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.