When did the government launch Start-up India Seed Fund Scheme?

Key Points

• The government launched the Start-up India Seed Fund Scheme in the year 2021.
• The scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization.
• It is part of the larger Start-up India initiative, which was launched in January 2016 to build a strong ecosystem for nurturing innovation and startups in the country.
• The scheme is expected to support an estimated 3,600 startups through 300 incubators over the next four years.
• It is designed to promote the growth of startups in sectors such as manufacturing, agriculture, healthcare, and technology, among others.

Additional Information

• The Start-up India initiative has been instrumental in fostering a culture of entrepreneurship and innovation in India.
• Since its inception, the initiative has resulted in numerous policy measures and reforms aimed at simplifying the regulatory environment for startups.
• The initiative also includes benefits such as tax exemptions, easier compliance norms, and access to funding and mentorship opportunities.
• Startups can register on the Start-up India portal to avail of various benefits and resources offered under the initiative.
• The government continues to introduce new measures to support the startup ecosystem, recognizing its potential to drive economic growth and job creation.