Government Grants and Funding

The Government of India provides Grants and Funding opportunities to innovative startups to grow their presence and bring forward a unique product or service.  It is effectively a transfer payment. A grant does not include technical assistance or other financial assistance, such as a loan or loan guarantee, an interest rate subsidy, direct appropriation, or revenue sharing. The grantee is not expected to repay the money but is expected to use the funds from the grant for their stated purpose, which typically serves some larger good.

In certain cases, there may also be revenue-sharing agreements with the government—for instance, in the case of a discovery that leads to a profit-generating patent.

Twenty-six federal agencies administer more than 1,000 grant programs annually to provide funding for the arts, the sciences, and educational institutions. Government grants and funding help fund ideas and projects providing public services and stimulating the economy. Grants may also support critical recovery initiatives, agricultural projects, and innovative research in all sorts of fields.

How a Government Grant Works?

Government grants aren't just bestowed: they must be applied for. Getting a government grant is an extremely competitive process. The paperwork is complex and applicants must describe how the awarded funds will benefit the local community or the public at large. Crafting a convincing proposal is so challenging that applicants often hire professional help. Some freelance writers specialize in writing grant proposals.

Receiving a Government Grant

Government grants have no hidden costs or fees: they are outright gifts, not loans. However, because government grants are funded by tax dollars, they include stringent compliance and reporting measures to ensure the money is well-spent.

At Egniol Services, we provide consultancy for Government Grants and Funding. We assist you with the necessary documentation, on-line application filing, and coordination with the appropriate authorities.