Latest Update Startup India Seed Fund Scheme 2024 Eligiblity,Benefits,Apply Online

The Department for Promotion of Industry and Internal Trade (DPIIT) introduced the Startup India Seed Fund Scheme 2024. To offer financial support to emerging startups across India and motivate citizens to launch their ventures, the Government of India initiated the Startup India Seed Fund Scheme 2024. Through this scheme, the Government of India will grant monetary assistance of up to INR 50 lakh to the chosen businesses. All applicants who meet the eligibility requirements are required to visit the official website and complete the application form to access the benefits of the Startup India Seed Fund Scheme 2024.

All emerging startups in India that are facing challenges in scaling up can now receive financial aid and other advantages from the Government of India under the newly launched Startup India Seed Fund Scheme 2024. This initiative will help startups progress to a stage where they can secure funding from angel investors or venture capitalists or obtain loans from commercial banks or financial institutions. The primary objective of introducing this scheme is to boost the number of enterprises in India and create job opportunities for unemployed individuals.

Up to INR 20 Lakhs as a grant for validating Proof of Concept, developing prototypes, or conducting product trials. The grant will be distributed in milestone-based installments. These milestones could be related to prototype creation, product testing, or preparing a product for market launch, among other things.

Up to INR 50 Lakhs of funding for market entry, commercialization, or scaling operations through convertible debentures, loans, or debt-linked instruments.

Applicants can receive financial support under the scheme in the form of grants and loans/convertible debentures once each, as per the scheme’s guidelines.

A startup, recognized by DPIIT, established not more than 2 years prior to the application date.

The startups must have a business concept aimed at developing a product or service that demonstrates market fit, commercial viability, and scalability potential.

The startups should incorporate technology into their core product or service, business strategy, distribution approach, or process to address the identified problem.

Priority will be given to startups offering innovative solutions in industries such as social impact, waste management, water management, financial inclusion, education, agriculture, food processing, biotechnology, healthcare, energy, mobility, defense, space, railways, oil and gas, textiles, and more.

A startup should not have received more than INR 10 lakh in financial assistance under any other Central or State Government scheme. This excludes prize money from competitions and grand challenges, subsidized office space, founder’s monthly stipend, access to laboratories, or prototyping facilities.

1. Financial Empowerment: Citizens can establish businesses without financial constraints.

2. Entrepreneurial Growth: Selected startups receive up to ₹50 lakh in financial assistance.

3. Job Creation: Supported startups can expand and generate employment opportunities.

4. Innovation Boost: Funding for proof of concept, prototype development, product trials, market entry, and commercialization.

5. Convenience: Online application process through the official website.

6. Increased Accessibility: Encourages entrepreneurship across India, bridging geographical gaps.

7. Economic Growth: Fosters innovation, entrepreneurship, and job creation, contributing to India’s economic development.

• Aadhar Card
• Email ID
• Mobile Number
• Electricity bill
• Address Proof
• PAN Card
• Passport Size Photo

1. Eligibility Clearance: Meeting predefined eligibility standards.

2. Expertise: Possessing a skilled team with in-depth knowledge of Indian business and commerce.

3. Infrastructure: Equipped with state-of-the-art testing laboratories and facilities.

4. Past Performance: Demonstrated support for startups over the last three years.

5. Mentorship: Quality of mentoring provided, including:

• Number of mentors employed.
• Average monthly mentoring hours per startup.

Startup Application Process

1. Online application submission through Startup India portal

2. Applicants can choose up to three preferred incubators (disbursing partners)

3. Applications will be shared with selected incubators for evaluation

STEP 1: All applicants who meet the eligibility requirements must visit the Startup India Seed Fund Website and complete the application form for the Startup India Seed Fund Scheme.

STEP 2: After reaching the homepage of the official website, applicants should click on the “Apply Now” option.

STEP 3: A login page will appear on your screen; the applicant must select the “Create an Account” option.

Create an Account
Create an Account

STEP 4: A new page will be displayed where applicants must provide all the requested details, including their name, email address, and mobile number.

STEP 5: After carefully entering all the details, applicants should quickly review the information and click on the “Register” option.

STEP 6: The applicant must then return to the login page and sign in using their credentials.

STEP 7: A new page will appear on the screen, and the applicant should click on the “Apply” option.

STEP 8: The application form will appear, and the applicant must fill in all the details, including the name of the business, its type, and other essential information.

STEP 9: Once all the required details are filled out, the applicant should review the form and click on the “Submit” button to complete the process.

Step 1: Access Official Website

• Visit the Startup India Seed Fund Scheme portal
• Ensure successful registration

Step 2: Initiate Login

• Click “Login” on the homepage

Step 3: Enter Credentials

• Username and password (created during registration)
• Ensure accuracy to avoid login issues

Step 4: Authenticate

• Review and click “Login” to access your account

1. Visit the official website: [insert website link]

2. On the homepage, navigate to the “About” section

3. Click on “Guidelines for Startup India Seed Fund Scheme (English)”

4. The guidelines will open as a PDF file

5. Click “Download” to save the file

Contact Details

• Email Id:- email@seedfund.com

Still have more questions AboutStartup India Seed Fund ?

If you have any further questions, we are here to serve you. Join the WhatsApp channel by clicking on the button below. Visit our website on daily basis. Our website hindiyojananews.net provides complete details of all the schemes launched by the Indian Government. You can find complete details about all these schemes released by the Indian government on our website Our Website Not A Official Site. We Provide Just Latest News Update About Social Schemes !

Ashii Malik

As a committed content writer, I’m Ashii Malik, focused on delivering thorough and precise information about various Indian government schemes and programs. My aim is to guide you in comprehending and making the most of these initiatives. All the relevant details can be found on this platform, [Hindi Yojana News]. If you have any questions, don’t hesitate to reach out—I’m here to help!