TOP GOVERNMENT SCHEMES FOR STARTUPS IN INDIA

Atal Innovation Mission (AIM)

This initiative was formed by the organisation to promote innovation by developing new programmes and policies to encourage growth in a number of economic sectors. The approved companies receive approximately $10 crores in financing from AIM over a five-year period.

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. With a total budget of ₹945 Crores, it would finance 3600 businesses and 300 incubators. The chosen entrepreneurs will receive up to 5 Crores in funding.

Aatmanirbhar Bharat App Innovation Challenge

It was introduced in July 2020 and encouraged Indian startups to work together and develop products that are created in India for the benefit of people all over the world. It also pushed IT and startup companies to create innovative mobile applications in exchange for a sizable financial reward.

Dairy Processing and Infrastructure Development Fund (DIDF)

It helps dairy cooperatives maintain their competitive edge for the long- term benefit of farmers. The government announced the creation of the Dairy Processing and Infrastructure Development Fund with a total system expenditure of ₹11,184 Crores.

MUDRA Banks

The Micro Units Development Refinance Agency (MUDRA) expands credit options and encourages the expansion of small businesses in rural areas. Small businesses that aren't farms, microenterprises, or corporations were eligible for up to 10 lakhs in loans from MUDRA banks.