Startup India Seed Fund Scheme
Every type of business required monetary support to establish itself in the market. The initial phase of business is very crucial. It decides the future of your new venture.
Seed fund scheme provides monetary support to startups on their terms and conditions.
Shri Piyush Goyal honorable cabinet minister for the railway, commerce and industry, consumer affairs, food, and public distribution launched the startup India seed fund scheme on 19th April 2021.
Much innovative and business suffers in shortage or absence of funds. SISFS will provide funds to original and unique business ideas. The government of India started this initiative to boost small startup enterprises. PM of India announced the SISFS in his grand plenary speech of Prarambh. After approval of the finance minister, the scheme was announced on
12 January 2021.
The seed fund will be allotted to eligible startups through the eligible incubator across India.