₹ 477.25 crore sanctioned to 133 incubators under the Startup India Seed Fund Scheme (SISFS)
New Delhi : The Start-Up India Fund Scheme was implemented from 1st April 2021 under the Start-Up India initiative. Rs.477.25 crore has been allocated for 133 occupational health centers under this scheme. Union Minister of State for Commerce and Industry Mr. Somprakash has said that Rs.211.63 crore has been released on December 31, 2022.
The flagship schemes under Startup India initiative namely, Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS) and Credit Guarantee Scheme for Startups (CGSS) extend support to startups at various stages of their business cycle. The startups thereafter, are able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions.
The Startup India Seed Fund Scheme (SISFS)...