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Govt. Initiatives/Schemes for Startups

Initiatives by Central Ministries and Departments

Overview

  • Welcome to the Govt. Initiatives section of the Agri Business Incubation Foundation IIT Kharagpur website. This section provides a curated list of schemes initiated by the Government of India to support and promote agri-business startups and innovations.
  • The government recognizes the crucial role of agri-business startups in driving innovation, sustainability, and economic growth in the agricultural sector. Various ministries and departments have introduced schemes to provide financial, infrastructural, and regulatory support to agri-entrepreneurs.
  • Each scheme's details, including objectives, eligibility criteria, application process, and benefits, are provided. Please note that the information may change, so it's advisable to refer to the official websites for the latest updates.
  • The Govt. Initiatives section serves as a valuable resource for agri-entrepreneurs to explore government support measures. Leverage these schemes to propel your agri-business startup towards success.
  • Disclaimer: The information provided is subject to change. Refer to official sources for the most up-to-date information on individual schemes. This schemes information is adapted from the Startup India website and modified for the specific context of Agri-Business Incubation Foundation IIT Kharagpur.

Filters/Search

Key Sectors:

Ministry/Departments:

NABVENTURES Fund

Ministry:

National Bank for Agriculture and Rural Development (NABARD)

Key Sector Covered:

  • Agtech
  • Animal Husbandry
  • Aquaculture
  • Agri - Biotech
  • Supply Chain Solutions
  • Climate Resilient Agriculture
  • Food Processing
  • Regional Food Brands
  • Health And Welness Foods
  • Food Logistics
  • Supply Chain Monitoring Solutions
  • Biotech In Food
  • Financial Inclusion
  • Rural / Agri Focused NBFCs
  • Rural / Agri Fintechs
  • Rural Healthcare
  • Rural Education

Brief:

  • NABVENTURES is a venture growth equity fund that invests in agriculture, food, rural businesses and agri/rural financial services at early to mid-stage. The fund invests in asset-light business models, high on innovation/technology, solving large problems in agriculture, food and rural development through innovative means.

Eligibility Criteria:

  • Type of Business: Startups registered as private limited companies or limited liability partnerships (LLPs) in India, engaged in agriculture, agtech, agri-biotech, food, agri rural fintech, and rural businesses.
  • Stage of Development: Early to mid-stage ventures with innovative and scalable business models, demonstrating the potential for high impact and positive contribution to relevant sectors.
  • Financial Performance: Minimum annual turnover of Rs. 25 lakhs for profit-making companies or demonstrably positive unit economics for pre-revenue ventures.
  • Team Expertise: Strong and experienced founding team with relevant domain knowledge and business acumen.

National Urban Livelihoods Mission

Ministry:

Ministry of Housing and Urban Affairs Schemes

Key Sector Covered:

  • Employment

Brief:

  • The scheme aims to reduce poverty and vulnerability of the urban poor households by enabling them to access gainful self-employment and skilled wage employment opportunities, resulting in an appreciable improvement in their livelihoods on a sustainable basis, through building strong grassroots level institutions of the poor.

The Women Entrepreneurship Platform (WEP)

Ministry:

Niti Aayog

Key Sector Covered:

  • Women Entrepreneuship

Brief:

  • NITI Aayog has launched a Women Entrepreneurship Platform (WEP) to provide an ecosystem for budding & existing women entrepreneurs across the country. SIDBI has partnered with NITI Aayog to assist in this initiative.

Eligibility Criteria:

  • Potential women entrepreneurs, in collaboration with partner organizations can apply for the scheme

Participation in International Fairs and Exhibitions with Tea Board

Ministry:

Ministry of Commerce and Industry Schemes

Department:

Tea Board of India

Key Sector Covered:

  • Export

Brief:

  • To provide a platform to the exporters to showcase their products in international events for promotion and facilitate the generation of trade opportunities through interaction between buyers and sellers during the exhibition.

Eligibility Criteria:

  • All exporters holding valid exporters’ licenses are eligible to participate from the Tea Board’s booth in the exhibition. The company shall not be under any investigation/charged/prosecuted/debarred/blacklisted on any grounds related to trade and business.
  • Only exporters submitting regular monthly export returns will be eligible for participation.
  • The exporter must be dealing in only 100% Indian teas.
  • Provision for new entrants will be there as per the table at C 2 below.

Niryat Bandhu Scheme

Ministry:

Ministry of Commerce and Industry Schemes

Department:

DOC

Key Sector Covered:

  • Export

Brief:

  • Niryat Bandhu Scheme is an online certificate program. It is an export-import business under the Ministry of Commerce and Industry for International Business. Digital India and Skill India are the twin objectives of the “Niryat Bandhu Scheme.” The program is implemented by the Director-General of Foreign Trade in collaboration with the Indian Institute of Foreign Trade (IIFT). The field officer’s primary function is mentoring the field and would be a hand-holding experiment for the young in international business enterprises.

Eligibility Criteria:

  • Any person can take this Course

AGNIi

Ministry:

Ministry of Commerce and Industry Schemes

Department:

Department for Promotion of Industry and Internal Trade (DPIIT)

Key Sector Covered:

  • Technology

Brief:

  • AGNIi convenes India's finest technologists and their deployment-ready technologies - from startups and laboratories - with top technology users from Indian and global enterprise, government, and non-profit sectors. And help those who have the technology, deliver it where it is needed. We help those who need technology, find it.

Eligibility Criteria:

  • Institutional Affiliation :
  • Indian universities, research institutions, or innovative startups.
  • Strong research and development infrastructure and capabilities.
  • Proven track record in innovation and technology development.

Technology Development Fund

Ministry:

Ministry of Defence

Department:

DRDO

Key Sector Covered:

  • Defence

Brief:

  • The TDF Scheme extends financial support and expertise to upgrade existing products/systems, processes, and applications by reducing production costs, improving functionality and quality by promoting Make in India, and the development of futuristic technologies with defense applications. The Scheme enlists requirements of Service Headquarters of upgrading products/systems and futuristic defense technologies as Projects for which eligible stakeholders can apply through this platform.

Eligibility Criteria:

  • Eligibility for Industry Private industry registered in India especially MSMEs and Startups The industry must be a public limited company, a private limited company, a partnership firm, a limited liability partnership, one-person company, sole proprietorship registered as per applicable Indian laws Industry to be owned and controlled by a Resident Indian Citizen with a shareholding of at least 51%

Innovations for Defence Excellence (iDEX)

Ministry:

Ministry of Defence

Department:

Department of Defence Production

Key Sector Covered:

  • Defence

Brief:

  • The iDEX initiative was launched by the Hon’ble PM in April 2018. iDEX aims to achieve self-reliance and foster innovation and technology development in Defence and Aerospace by engaging Industries including MSMEs, start-ups, individual innovators, R&D institutes and academia.

Eligibility Criteria:

  • Start-ups, as defined and recognized by Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India
  • Any Indian company incorporated under the Companies Act 1956/2013, primarily a Micro, Small and Medium Enterprises (MSME) as defined in the MSME Act, 2006.
  • Individual innovators are also encouraged to apply (research & academic institutions can use this category to apply).

Biotechnology Industry Partnership Program (BIPP)

Ministry:

Biotechnology Industry Research Assistance Council (BIRAC)

Key Sector Covered:

  • Agritech,Healthtech

Brief:

  • The present scheme on Biotechnology Industry Partnership Programme (BIPP) is a government partnership with Industries for public support on a cost sharing basis for: · Path-breaking research in frontier futuristic technology areas having major economic potential and making Indian industry globally competitive and focused on IP creation with ownerships by Indian industry and where relevant, collaborating scientists. · The development of appropriate technologies in the context of recognized national priorities in the area of agriculture, health, bioenergy, green manufacturing, when the scale of the problem has serious consequences for social and economic development.

Eligibility Criteria:

  • The proposals can be submitted by following · Single or consortia of Company (ies)* incorporated under the Companies Act, 2013 or Limited Liability Partnership (LLP)** incorporated under the Limited Liability Partnership Act, 2008 jointly with or without the following: Public/private university/colleges in India National research laboratories Not-for-profit private research labs/societies/foundation/NGO 2. 3. Eligibility Criteria · For Company/LLP:- * Minimum 51% of the shares of the Company should be held by Indian Citizens holding Indian passport [Indian Citizens do not include Person of Indian Origin (PIO) and Overseas Citizenship of India (OCI) holders] ** Minimum half of the persons who subscribed their names to the LLP document as its Partners should be Indian citizens. The Applicant Company/ LLP should: Have adequate in-house facility to address the project implementation(which shall be evaluated during the site visit) or Incubated at any of the recognized Incubation Facility · For Academic collaborator: Eligible Academia shall mean an entity which is having proper establishment documents For Public or Private Institute, University, NGO, or Research Foundation, proper registration/accreditation from a government body is mandatory like certification, AICTE, CSIR /DSIR/SIRO certificate etc.

BIRAC Incubators SEED Fund

Ministry:

Biotechnology Industry Research Assistance Council (BIRAC)

Department:

Department of Biotechnology (DBT)

Key Sector Covered:

  • Biotechnology

Brief:

  • The basic idea of SEED Fund is providing Capital assistance to startups with new and meritorious ideas, innovations and technologies. This would enable some of these start-ups to graduate to a level where they will be able to raise investments from angel/Venture capitalist or they will reach a position to seek loans from commercial banks /financial institutions. Thus the proposed seed support is positioned to act as a bridge between promoters investment and Venture/Angel investment. This is not an investment scheme, but, rather a support scheme to enable start-ups and incubator to attain sustainability.

Eligibility Criteria:

  • Incubator Eligibility :
  • Supported through BIRAC's Bio-NEST Programme.
  • Operational for at least three years with at least five resident startups in Biotech/Med-Tech/Life Sciences.
  • Established Intellectual Property & Technology Transfer (IP&TT) facilitation services.
  • Prior experience managing early-stage funding schemes or grants.
  • Startup Eligibility :
  • Registered under Companies Act, 2013.
  • At least 51% shareholding by Indian citizens (excluding OCI or PIO).
  • Engaged in innovative and technology-driven projects relevant to biotechnology and life sciences.
  • Demonstrate significant technical advancement and commercialization potential.

SPARSH (Social Innovation program for Products: Affordable & Relevant to Societal Health)

Ministry:

Biotechnology Industry Research Assistance Council (BIRAC)

Key Sector Covered:

  • THEMES
  • MATERNAL AND CHILD HEALTH
  • AGEING AND HEALTH
  • FOOD AND NUTRITION
  • WASTE TO VALUE
  • AGRI-TECH
  • COMBATING ENVIRONMENTAL POLLUTION

Brief:

  • SPARSH (Social Innovation Programme for Products: Affordable and Relevant to Societal Health) is the Social Innovation Programme of BIRAC aimed at promoting the development of innovative solutions to society’s most pressing social problems through biotechnological approaches. Since its inception, the program has been investing in high impact ideas and innovations that could address unmet needs and challenges that are neglected.

Eligibility Criteria:

  • Biotechnology Indian startups that are incorporated under the Indian Companies Act, having a minimum of 51% Indian Ownership and less than three years old from the date of advertisement/Indian entrepreneurs.
  • Limited Liability Partnership (LLP) that is incorporated under the Limited Liability Partnership Act, 2008, less than three years old from the date of advertisement and having a minimum half of the individuals who have subscribed for LLP document, whose partners have to be Indian citizens.
  • Indian Academic Scientists, PhDs, Researchers, Medical Degree Holders, Biomedical Engineering graduates who are willing to incubate in a business incubator.
  • Proprietorship concern that is set up by an Indian citizen under the certificate/license that is issued by municipal authorities/under Shop and Establishment Act or relevant prominence.

Industry Innovation Programme on Medical Electronics (IIPME)

Ministry:

Biotechnology Industry Research Assistance Council (BIRAC)

Key Sector Covered:

  • MedTech

Brief:

  • Industry Innovation Programme on Medical Electronics (IIPME) is a collaborative project between the Ministry of Electronics and Information Technology (MeitY) and Biotechnology Industry Research Assistance Council (BIRAC), Department of Biotechnology, Ministry of Science & Technology, Government of India.
  • The project goal is to fund a portfolio of Indian-led pilot projects targeting innovations in multidisciplinary areas comprising of electronics, engineering, medical devices, healthcare, software, algorithms & information technology, to help medical electronics fraternity and to bring in fast pace research and development in this area. The idea is to provide funding support to applicants for testing their bold ideas, mentorship from various subject matter experts, networking platforms, and an opportunity to scale up their technology. Under this project support will be provided at Seed, Early transition, and transitions to scale stages.

Eligibility Criteria:

  • Indian startups which are less than three years old from date of advertisement which have 51% ownership, Indian LLPs and those which have Department of Scientific and Industrial Research (DSIR) Recognition (only for early transition & transition to scale) are eligible to apply under the scheme.

Venture Capital Fund for Scheduled Castes (VCF-SC)

Ministry:

Ministry of Social Justice and Empowerment (MoSJE)

Department:

Department of Social Justice and Empowerment

Key Sector Covered:

  • Scheduled Castes

Brief:

  • Venture Capital Fund for Scheduled Castes (VCF-SC), a scheme launched by the Ministry of Social Justice and Empowerment (MoSJE), Government of India (GOI) was launched in January 2015 for promoting entrepreneurship and provide concessional finance to the companies promoted by Scheduled Caste entrepreneurs.

Eligibility Criteria:

  • The projects/units being set up in manufacturing, services, and allied sector, including start-ups and units being incubated in the technology business incubators, ensuring asset creation out of the funds deployed in the unit shall be considered.
  • For Companies applying for assistance up to Rs. 50 lakh: Companies having at least 51% shareholding by Scheduled Castes entrepreneurs for the past 6 months with management control OR; a new Company provided that the new Company is a successor entity of a Proprietary Firm or Partnership Firm or One Person Company (OPC) or Limited Liability Partnership (LLP) or any other establishment incorporated under any law in force with sound business model which has been in operation for over 6 months, and the predecessor entity had at least 51% shareholding of the Scheduled Castes entrepreneurs with management control.
  • For Companies applying for assistance above Rs. 50 lakh: Companies having at least 51% shareholding by Scheduled Castes entrepreneurs for the past 12 months with management control OR; a new Company provided that the new Company is a successor entity of a Proprietary Firm or Partnership Firm or One Person Company (OPC) or Limited Liability Partnership (LLP) or any other establishment incorporated under any law in force with sound business model which has been in operation for over 12 months, and the predecessor entity had at least 51% shareholding of the Scheduled Castes entrepreneurs with management control.

Venture Capital Fund for Backward Classes (VCF-BC)

Ministry:

Ministry of Social Justice and Empowerment (MoSJE)

Department:

Department of Social Justice and Empowerment

Key Sector Covered:

  • Backward Classes

Brief:

  • A first of its kind Venture Capital Fund launched by Ministry of Social Justice and Empowerment, Government of India to promote entrepreneurship in India among the Backward Classes by providing concessional finance to them.

Eligibility Criteria:

  • The following are the eligibility criteria for prospective Companies promoted by Backward Classes entrepreneurs in the country for seeking assistance under the fund:
  • The projects being set up in manufacturing, services sector, and allied sectors ensuring asset creation out of the funds deployed.
  • Start-ups would also be eligible for finance as per the scheme guidelines.
  • Women and disabled Backward Classes entrepreneurs will be preferred.
  • Minimum existence and shareholding criteria:<br>
  • ✓ If assistance is below Rs. 50 Lakh - Companies having at least 51% stake holdings by Backward Classes entrepreneurs for the past 6 months with management control OR a new Company provided that the new Company is a successor entity of a Proprietary Firm or Partnership Firm or One Person Company (OPC) or Limited Liability Partnership (LLP) or any other establishment incorporated under any law in force, with the sound business model which has been in operation for over 6 months, and the predecessor entity had at least 51% shareholding of the Backward Classes promoters with management control.
  • ✓ If assistance is above Rs.50 lakh - Companies having at least 51% stake holdings by Backward Classes entrepreneurs for the past 12 months with management control OR a new Company provided that the new Company is a successor entity of a Proprietary Firm or Partnership Firm or One Person Company (OPC) or Limited Liability Partnership (LLP) or any other establishment incorporated under any law in force, with the sound business model which has been in operation for over 12 months, and the predecessor entity had at least 51% shareholding of the Backward Classes promoters with management control.
  • Documentary proofs of being Backward Classes will have to be submitted.

SENIOR CARE AGEING GROWTH ENGINE (SAGE) VENTURE FUND

Ministry:

Ministry of Social Justice and Empowerment (MoSJE)

Department:

Department of Social Justice and Empowerment

Key Sector Covered:

  • Elderly care sector

Brief:

  • A Fund targeted to provide equity support up to Rs.1 Crore for up to 49% stake in such start-ups which innovate on products and services for Senior Citizens of India.

Eligibility Criteria:

  • Innovative ideas awarded in the National level innovation challenges such as Smart India Hackathons (of M/o Education) or such other innovative drives – proposing to set up companies and offer products and services for the welfare of the elderly in India.
  • Start-ups already functioning in the elderly segment in India proposing to expand operations.All the startups fulfilling the startup norms as per guidelines by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce, Govt. of India are eligible for applying.
  • Being incorporated or registered in India for less than ten years from its date of incorporation.
  • Annual turnover not exceeding Rs 25 crores in any of the preceding financial years.
  • Incorporated as a Company (Private / Public)
  • Aims to work towards innovation, development, deployment or commercialization of new products, Solutions, processes or services driven by technology or intellectual property in the realm of elder care.
  • It is not formed by splitting up or reconstructing a business already in existence.

Ambedkar Social Innovation Incubation Mission (ASIIM) Scheme under VCF-SC

Ministry:

Ministry of Social Justice and Empowerment (MoSJE)

Department:

Department of Social Justice and Empowerment

Key Sector Covered:

  • Scheduled Castes

Brief:

  • In order to boost entrepreneurship and innovation among the SC students/ SC Divyang youth, MoS&JE has launched an initiative viz. “Ambedkar Social Innovation and Incubation Mission (ASIIM)” under VCF-SC on 30th September 2020.
  • The objective of this initiative is to provide focused support to young SC entrepreneurs who are engaged in working on innovative and technology-oriented business ideas either in educational campuses or Technology Business Incubators (TBIs), to help them setup successful commercial enterprises.

Eligibility Criteria:

  • The eligibility criteria for sending proposals for seeking assistance under ASIIM initiative is as follows:
  • Youth who have been identified by the TBls. Atal lncubation Centers (AICs), Technology / lndustrial Parks, Science and Technology Parks of India (STPI) being promoted by Department of Science & Technology (DST) or other than DST and other incubation centers supported by Government of
  • Youth who are identified for incubation by reputed private TBIs.
  • Students who have been awarded under the Smart India Hackathon or Smart India Hardware Hackathon being conducted by Ministry of Education.
  • Innovative ideas focusing on the socio-economic development of the society identified in the TBIs in public, private sector.
  • Start-ups nominated and supported by corporates through CSR funds.

PM FME Scheme

Ministry:

Ministry of Food Processing Industries

Key Sector Covered:

  • Food Processing Sector

Brief:

  • PM FME Scheme (PM Formalization of Micro Food Processing Enterprises Scheme) is a government initiative aimed at supporting and formalizing micro food processing enterprises. This scheme provides various benefits and resources to promote entrepreneurship and growth in the food processing sector.

Eligibility Criteria:

  • The company should be an existing Micro Food Processing Unit.
  • The company should not be corporate and would be having less than 10 workers.
  • The company should follow the policy of One District One Product (ODOP) then they will be given preference but other companies would also be considered.
  • The applicant should have the ownership right of the company.
  • The company or enterprise could be a Proprietary or Partner Firm.
  • The maximum age of the applicant to apply for the scheme should be 18 years old.
  • The applicant applying should be at least class 8th passed.
  • This scheme has been eligible for only one person from a single family.
  • The applicant should be willing to pay at least 10 percent of the amount and the rest of the amount will be given as a bank loan.
  • The cost of the land on which the enterprise has been set would not be considered in the total cost of the project.
  • The rent of the building cost, lease cost, or the rental cost could be included in the total cost of the project.
  • The lease cost that would included in the project cost would not be more than 3 years of lease.

Creation/Expansion of Food Processing & Preservation Capacities (CEFPPC) scheme

Ministry:

Ministry of Food Processing Industries

Key Sector Covered:

  • Food Processing Sector

Brief:

  • The main objective of the Scheme is the creation of processing and preservation capacities and modernization/ expansion of existing food processing units with a view to increasing the level of processing, and value addition leading to reduction of wastage. The processing activities undertaken by the individual units cover a wide range of post-harvest processes resulting in value addition and/or enhancing shelf life with specialized facilities required for preservation of perishables. While the expansion of processing capacity is necessary to increase the level of processing and reduce wastage, the induction of modern technology is intended to make a clear difference in terms of process efficiencies as well as improving the quality of the end product. The setting up of new units and modernization/ expansion of existing units are covered under the scheme.
  • Scheme is implemented through organizations such as Central & State PSUs/ Joint Ventures/ Farmer Producers Organisation (FPOs)/ NGOs/ Cooperatives/SHGs/ Pvt. Ltd companies/ individuals proprietorship firms engaged in establishment/ upgradation/ modernization of food processing units.

Eligibility Criteria:

  • Eligible Sectors under this Scheme:
  • The scheme offers assistance for the following sectors:
  • Fruits & vegetable processing
  • Milk Processing
  • Meat/poultry/fish processing
  • Ready to Eat/Ready to Cook Food Products Breakfast cereals Snacks bakery and other food products including nutritional health foods Grains pulses, oil seed milling and processing based on modern technology.
  • Modern Rice milling.
  • Other agri-horti products including spices, coconut, soybean, mushroom processing, honey processing, etc.
  • Fruits/Honey-based wines.
  • Natural Food flavors, food additives food extracts & colors, oleoresins, guar gum, cocoa products, etc.
  • Manufacturing jaggery from sugarcane and value-added products from jaggery (as raw material).
  • Any other sector that makes food products fit for human consumption.
  • Animal feed manufacturing unit to be set up in Mega Food Parks and Agro Processing Clusters approved by the Ministry from time to time.
  • Carbonated Drinks and beverages containing fruit juice.

Agro-Processing Cluster Scheme

Ministry:

Ministry of Food Processing Industries

Key Sector Covered:

  • Food Processing Sector

Brief:

  • The scheme aims at the development of modern infrastructure and common facilities to encourage a group of entrepreneurs to set up food processing units based on cluster approach by linking groups of producers farmers to the processors and markets through a well-equipped supply chain with modern infrastructure.

Eligibility Criteria:

  • Eligible entities:
  • Agro Processing Cluster Projects can be set up by an entity organization such as Govt. Departments PSUs Joint Ventures NGOS Cooperatives Self Help Groups (SHGs) Farmer Producer Organisation (FPOS) Private Sector Companies Partnership Firms Proprietorship Firms etc.
  • For more detailed information regarding eligibility criteria, please refer to the guidelines document from the link below.

SIDBI Make in India Soft Loan Fund for Micro Small and Medium Enterprises (SMILE)

Ministry:

Ministry of Finance

Department:

SIDBI

Key Sector Covered:

  • MSME

Brief:

  • SIDBI Make in India Soft Loan Fund for Micro Small and Medium Enterprises (SMILE) was initiated by the Government of India to make MSMEs take an active part in the ‘Make in India’ campaign. The primary focus is to provide financing to small enterprises within the MSME sector. The term Soft Loan was introduced to offer loans with Soft terms to meet the debt-equity ratio for the establishment of an MSME.

Eligibility Criteria:

  • Eligibility Criteria for SMILE :
  • The majority emphasis will be on covering newly emerged enterprises in the manufacturing and service sector
  • The primary emphasis will be on financing smaller famous enterprises within the MSME sector
  • All the existing enterprises are undertaking expansion to take advantage of newly emerged opportunities along with modernization of technology up gradation techniques
  • Regarding the SMILE Equipment Finance (SEF), the MSME entities should be in existence for at least 3 years having a satisfactory financial position.

Swarojgar Credit Card

Ministry:

Ministry of Finance

Key Sector Covered:

  • Micro-entrepreneurs

Brief:

  • The Swarojgar Credit Card scheme is an initiative by the Ministry of Finance aimed at providing easy access to credit for small entrepreneurs and self-employed individuals in India. SCC Scheme aims at providing adequate and timely credit ie. working/capital or blocks capital or both to small artisans, handloom weavers, service sector, fishermen, self-employed persons, rickshaw owners, other micro-entrepreneurs, etc. from the banking system in flexible, hassle-free and cost-effective manner. The facility may also include a reasonable component for consumption needs.

Eligibility Criteria:

  • The Swarojgar Credit Card scheme is open to small entrepreneurs, self-employed individuals, and small businesses in India.
  • Specific eligibility requirements may vary based on the lending institutions and financial regulations.

Pradhan Mantri Mudra Yojana

Ministry:

Ministry of Finance

Department:

Department of Financial Services

Key Sector Covered:

  • Manufacturing, processing, trading or service sector

Brief:

  • The scheme was launched on 8th April 2015. Under the scheme a loan of up to Rs. 50,000 is given under sub-scheme ‘Shishu’; between Rs. 50,000 to 5.0 Lakhs under sub-scheme ‘Kishore’; and between 5.0 Lakhs to 10.0 Lakhs under sub-scheme ‘Tarun’. Loans taken do not require collaterals. These measures are aimed at increasing the confidence of young, educated or skilled workers who would now be able to aspire to become first-generation entrepreneurs; existing small businesses, too, will be able to expand their activities.

Eligibility Criteria:

  • Eligible borrowers : Individuals
  • Proprietary concern.
  • Partnership Firm.
  • Private Ltd.
  • Company.
  • Public Company.
  • Any other legal forms.
  • The applicant should not be defaulter to any bank or financial institution and should have a satisfactory credit track record. The individual borrowers may be required to possess the necessary skills experience knowledge to undertake the proposed activity. The need for educational qualification, if any, needs to be assessed based on the nature of the proposed activity, and its requirement

North East Entrepreneurs Development (NEED)

Ministry:

Ministry of Development of North Eastern Region

Key Sector Covered:

  • North East

Brief:

  • The North East Entrepreneurs Development (NEED) initiative is an effort by the Ministry of Development of North Eastern Region to support entrepreneurship and business development in the North Eastern Region of India. The scheme has been formulated to help first-generation entrepreneurs who are short of equity. New projects in Micro and Small Enterprises, expansion, and modernization of existing units. Technical qualification of the promoter in the relevant field is a pre-requisite.

Eligibility Criteria:

  • First-generation entrepreneurs, existing entrepreneurs, proprietary & partnership concerns and companies. Technical qualification of the promoter in the relevant field is a pre-requisite.

North-East Handloom Handicrafts (NEHH)

Ministry:

Ministry of Development of North Eastern Region

Department:

North-East Handloom Handicrafts (NEHH)

Key Sector Covered:

  • Technology

Brief:

  • The North-East Handloom Handicrafts (NEHH) initiative is an endeavor by the Ministry of Development of North Eastern Region. The aim is to promote enterprises in handlooms and handicrafts sector and provide a platform for sustainable economic growth by promoting the local artisans.

Eligibility Criteria:

  • The North-East Handloom Handicrafts (NEHH) initiative is open to individuals, artisans, handloom weavers, and handicraft producers in the North Eastern Region of India.
  • Applicants should be interested in promoting and enhancing their handloom and handicrafts businesses.
  • Specific eligibility requirements may vary based on the programs and opportunities offered under NEHH.

Working Capital Term Loan (WCTL)

Ministry:

Ministry of Development of North Eastern Region

Brief:

  • NEDFi provides financial assistance in the form of gap funding to eligible contractor firms companies for contract work execution. Working capital term loan assistance is given in the form of gap funding. Interest rate is fixed based on prime lending rate with plus or spread as per the credit worthiness of the borrower, risk perception, rating, and other relevant factors.

Eligibility Criteria:

  • Eligible contractor firms and companies.

Working Capital Term Loan (WCTL) for Contract Finance

Ministry:

Ministry of Development of North Eastern Region

Brief:

  • NEDFi provides financial assistance in the form of gap funding to eligible contractor firms/companies for contract work execution. Working capital term loan assistance is given in the form of gap funding. Interest rate is fixed based on prime lending rate with plus or spread as per the credit worthiness of the borrower, risk perception, rating, and other relevant factors.

Eligibility Criteria:

  • Eligible contractor firms and companies.

Equipment Finance (Northeastern Development Finance Corporation Ltd Schemes)

Ministry:

Ministry of Development of North Eastern Region

Department:

Development of North-eastern Region

Brief:

  • This scheme intends to provide financial assistance for acquiring specific machinery/ equipment by financially sound and profit-making companies having a good credit record. The proposed unit should be located in any of the eight North Eastern States.

Eligibility Criteria:

  • Corporates with minimum 3 years of profitable operations for NEDFi assisted units, in case of other units the unit should have minimum 5 years of operations.

Women Enterprise Development (WED)

Ministry:

Ministry of Development of North Eastern Region

Brief:

  • The scheme provides financial assistance to women entrepreneurs for taking up business ventures. Existing businesses will also be eligible for expansion, modernization, and diversification.

Eligibility Criteria:

  • Skilled woman entrepreneurs in the age group of 18-50 years; the applicant must be engaged in any viable income generating activity including small business trade., etc.

Micro Finance (NEDFL Scheme)

Ministry:

Ministry of Development of North Eastern Region

Department:

NEDFL

Key Sector Covered:

  • Sector Agnostic

Brief:

  • The scheme envisages meeting micro-credit needs small and medium size agriculturists, self-employed personnel and entrepreneurs can be reached much more effectively by involving the services of intermediaries, who can understand needs, demand, and local situations. Developing and supporting NGOs/ Voluntary Agencies (VAs) with a good track record for on-lending to the 'needy' for taking up any income generating activities in the rural areas.

Eligibility Criteria:

  • Any Indian Citizen with 40% or more disability
  • Age above 18 years.
  • The borrowers already covered under any other scheme of financing sponsored by Central or State Government or financing institutions and having outstanding loans against their names shall not be eligible.
  • The borrowers should preferably be regular members of Thrift and Credit Group (Self Help Group).
  • Preference will be given to women beneficiaries.
  • Relevant educational/technical/vocational qualification, experience, and background.

Equity Fund Scheme (NEDFi)

Ministry:

Ministry of Development of North Eastern Region

Department:

NEDFL

Key Sector Covered:

  • Sector Agnostic

Brief:

  • The schemes intend to invest in projects promoted by entrepreneurs in the North-Eastern Region having sound business ideas with potential for high growth and more than normal returns on investment.

Eligibility Criteria:

  • Individual entrepreneurs or groups of entrepreneurs; The applicant should have a viable business plan which offers above-average profitability leading to attractive returns on investment.

North-East Venture Fund (NEVF)

Ministry:

Ministry of Development of North Eastern Region

Brief:

  • Set up by North-Eastern Development Finance Corporation Limited (NEDFi) in association with the Ministry of Development of North-Eastern Region (M-DoNER), the North-East Venture Fund scheme was launched in September 2017. It is the first dedicated venture capital fund for the North-Eastern Region (NER).

Eligibility Criteria:

  • Entrepreneurial person with innovative vision and implementation power
  • Strong management team and commitment
  • Viable business model with sustainable growth
  • Large scaling opportunities
  • Market-fit product with good traction
  • Realistic exit potential

Development of Solar Parks and Ultra Mega Solar Power Projects

Ministry:

Ministry of New and Renewable Energy Sources Schemes

Key Sector Covered:

  • Energy

Brief:

  • Solar power projects can be set up anywhere in the country, however, the solar power projects developed in a scattered manner lead to higher project cost per MW and higher transmission losses. Individual projects of smaller capacity incur significant expenses in site development, drawing separate transmission lines to the nearest substation, procuring water, and creating other necessary infrastructure. It also takes longer for project developers to acquire land, get all types of clearances and permissions, etc. which ultimately delays the project. To overcome these challenges, the scheme for “Development of Solar Parks and Ultra-Mega Solar Power Projects” was rolled out in December 2014 with an objective to facilitate the solar project developers to set up projects expeditiously.

Eligibility Criteria:

  • For detailed information regarding eligibility criteria, please refer to the guidelines document from the link below: (<a href='https://mnre.gov.in/development-of-solar-parks-and-ultra-mega-solar-power-projects/', target='_blank'>https://mnre.gov.in/development-of-solar-parks-and-ultra-mega-solar-power-projects/</a>)

Central Sector Scheme on Conservation, Development and Sustainable Management of Medicinal Plants

Ministry:

AYUSH

Key Sector Covered:

  • Healthcare

Brief:

  • The Ministry of Ayush has established a National Medicinal Plant Board to promote the development and cultivation of medicinal plants and to harmonize the development activities between several ministries/departments/organizations. The board has been implementing various schemes and policies for the MSMEs to grow, preserve, and market medicinal plants. Central Sector Scheme for Conservation, Development and Sustainable Management of Medicinal Plants is one such scheme launched by NMPB to focus on cultivation and protection of medicinal plants.

Agriculture Infrastructure Fund for Agripreneurs

Ministry:

Ministry of Agriculture

Key Sector Covered:

  • Agriculture

Brief:

  • The Department of Agriculture & Farmers Welfare, Ministry of Agriculture and Farmers Welfare, Govt. of India has formulated the Central Sector Scheme with an objective to mobilize a medium long-term debt financing facility for investment in viable projects relating to post-harvest management Infrastructure and community farming assets through incentives and financial support in order to improve agriculture infrastructure in the country.

Eligibility Criteria:

  • Post Harvest Management Projects
  • Projects on Hub and Spoke Model
  • Viable Projects for Building Community Farming Assets

Raw Material Assistance Scheme

Ministry:

Ministry of Micro, Small and Medium Enterprises

Department:

NSIC

Key Sector Covered:

  • Raw Material

Brief:

  • Raw Material Assistance Scheme aims at helping MSMEs by way of financing the purchase of Raw Materials (Both indigenous & imported). This gives an opportunity to MSMEs to focus better on manufacturing quality products.

Eligibility Criteria:

  • The Entrepreneurs are required to apply for Raw Material Assistance only on the prescribed application forms. The application forms downloaded from the link given below may be filled and can be submitted to the nearest Branch Office. The blank forms are also available free of charge from the Branch offices.

Aspire - A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship

Ministry:

Ministry of Micro, Small and Medium Enterprises

Key Sector Covered:

  • Innovation, Rural Industries & Entrepreneurship

Brief:

  • ASPIRE- was launched to set up a network of technology centers and to set up incubation centers to accelerate entrepreneurship and to promote start-ups for innovation in the agriculture industry with the following objectives:
  • To generate employment opportunities by facilitating formal, scalable micro- enterprise creation.
  • To skill, up-skill, re-skill unemployed, existing self-employed/ wage earners in new technologies.
  • To provide skilled human capital to nearby industrial clusters and promote innovations for strengthening the competitiveness in the MSME sector

Eligibility Criteria:

  • Any agency/institution of Government of India, State government or existing training centers under Ministries/Departments of Government of India/State Government, Industry Associations, Academic Institutions.
  • Any not-for-profit private institutions with experience in successfully executing incubation and/or skill development programs may be eligible to set up an LBI.

Entrepreneurship Skill Development Programme(ESDP)Scheme

Ministry:

Ministry of Micro, Small and Medium Enterprises

Brief:

  • The objective of the program is to motivate youth representing different sections of the society including SC ST Women, differently abled, Ex-servicemen and BPL persons to consider self-employment or entrepreneurship as one of the career options. The ultimate objective is to promote new enterprises, capacity building of existing MSMEs and inculcating entrepreneurial culture in the country.

Eligibility Criteria:

  • The scheme is applicable for all aspiring and existing entrepreneurs.

Trade Related Entrepreneurship Assistance and Development (TREAD) Scheme for Women

Ministry:

Ministry of Micro, Small and Medium Enterprises

Key Sector Covered:

  • Trade

Venture Capital by SIDBI Venture Capital Ltd. (SVLC)

Ministry:

Public Sector Enterprise

Department:

SIDBI

Key Sector Covered:

  • Finance

Brief:

  • They aim to work for best returns by investing in deserving entrepreneurial teams using a combination of capital, strategic mentoring, skills and our vast network of relationships.

Eligibility Criteria:

  • A strong committed management team, established performance record and a high degree of integrity, Sustainable competitive advantage, Scalability of operations, Potential for above average profitability, leading to attractive returns on investment, Subscription to equity/ equity-type instruments, Unlisted companies preferably MSME and Availability of exit route for Venture Capital investment.

Samridhi Fund

Ministry:

Public Sector Enterprise

Department:

SIDBI

Key Sector Covered:

  • Social Enterprises

Brief:

  • The Samridhi Fund is an approx. ₹430 crore social venture capital fund. SIDBI has envisaged the creation of the Samridhi Fund to provide capital to social enterprises which can deliver both financial and social returns, in Bihar, Uttar Pradesh, Madhya Pradesh, Odisha, Chhattisgarh, Jharkhand, Rajasthan, and West Bengal.

Eligibility Criteria:

  • The conditions necessary for getting funded are as follows:
  • Be economically viable<li> Provide access to markets for the poor </li><li> Be socially relevant and impact the poor as customers, producers, or employees </li><li> The enterprises must have plans to expand operations in any or all the following states – Bihar, Chhattisgarh, Odisha, Uttar Pradesh, West Bengal, Madhya Pradesh, Jharkhand, and Rajasthan </li><li> Increase the flow of capital to the above-mentioned states </li><li> Focus on Environment, Social and Governance matters </li><li>Samridhi will not invest in any of the following businesses or activities: <ul><li> Illegal or banned activities, including child labor </li><li> Businesses dealing with hazardous chemicals, asbestos, pesticides, and wastes; ozone-depleting substances; and endangered or protected wildlife or wildlife products. </li><li> Arms and ammunition </li><li> Companies that have been proven to be involved in fraud and corruption. </li></ul>

Pradhan Mantri Mudra Yojana

Ministry:

Public Sector Enterprise

Key Sector Covered:

  • Non-Farm, Non-Corporate

Brief:

  • Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015, for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs, and NBFCs.

Eligibility Criteria:

  • Any Indian Citizen who has a business plan for a non-farm income generating activity such as manufacturing, processing, trading or service sector whose credit need is up to 10 lakh can approach either a Bank, MFI or NBFC for availing of MUDRA loans under PMMY. The usual terms and conditions of the lending agency may have to be followed for availing of loans under PMMY. The lending rates are as per the RBI guidelines issued in this regard from time to time.

Stand Up India

Ministry:

Public Sector Enterprise

Key Sector Covered:

  • Sector Agnostic Eligibility

Brief:

  • Stand Up India Scheme facilitates bank loans between 10 lakh and 1 crore to at least one scheduled caste (SC) or Scheduled Tribe, borrower, and at least one woman per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services, or the trading sector. In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur.

Eligibility Criteria:

  • SC/ST and/or women entrepreneurs; above 18 years of age<li> Loans under the scheme are available for only greenfield projects. Greenfield signifies, in this context, the first-time venture of the beneficiary in the manufacturing or services or trading </li><li> In the case of non-individual enterprises,51% of the shareholding and controlling stakes should be held by either SC/ST and/or Women Entrepreneur </li><li> Borrower should not be in default to any bank or financial institution </li></ul>

Promoting Innovations in Individuals, Startups and MSMEs (PRISM)

Ministry:

Ministry of Science & Technology

Department:

Department of Scientific and Industrial Research

Key Sector Covered:

  • Science and Technology

Brief:

  • The scheme provides grants, technical guidance, and mentoring to individual innovators by incubating their ideas towards the creation of new enterprises in phases. It also provides grant-in-aid support to technology solution providers developing technology solutions aimed at helping MSME clusters. The scheme runs in two phases.

Eligibility Criteria:

  • The scheme runs in two phases.
  • For PRISM I, any Indian citizen including student innovators can apply.
  • For PRISM II, PRISM innovators or innovators who have successfully demonstrated proof of concept with the support of government institution/agency, PRISM-R&D proposals and public-funded – R&D institutes/autonomous institutions/laboratories/academic institutes, etc. are eligible.

NewGen Innovation and Entrepreneurship Development Centre

Ministry:

Ministry of Science & Technology

Key Sector Covered:

  • Science and Technology

Brief:

  • New Generation Innovation and Entrepreneurship Development Centre (NewGen IEDC) is the program launched by the National Science and Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology (DST), Government of India, and implemented by EDII, Ahmedabad. NewGen IEDC aims to inculcate the spirit of innovation and entrepreneurship amongst the young S&T students and encourage and support start-up creation through guidance, mentorship & support. NewGen IEDCs would be established in academic institutions where students will be encouraged to take up innovative projects with the possibility of commercialization.

Eligibility Criteria:

  • The institution should be a University/Deemed University or a premier Institute/College offering Engineering, Technology, Science courses at the degree level or above for at least 5 years.
  • The institution must have at least two faculty members trained in Entrepreneurship through DST sponsored Faculty Development Programme and should have a minimum dedicated space of about 5000 square feet for housing the NewGen IEDC.

Technology Development Programme

Ministry:

Ministry of Science & Technology

Department:

Department of Science and Technology

Key Sector Covered:

  • Science and Technology

Brief:

  • The primary objective of the Programme is to facilitate and support development of products or techniques/technology aimed at specific end use. The specific objectives of the Programme are to develop and integrate technologies following a holistic approach in identified areas;promote application of modern/advanced technologies to socio-economic problem solving;promote modernization of traditional technologies, tools and skills;facilitate enhancing quality and performance of the traditional/non-traditional items;encourage developments in application of R&D activities; andpromote activities aimed at improving technology, technique, material, methods and other appropriate activities conducive for development of technology status in identified areas.

Eligibility Criteria:

  • Project Proposals can be submitted for financial support by scientists/engineers/technologists working in academic institutions/registered societies/R&D institutions/laboratories having adequate infrastructure/facilities to carry out technology development work. The Programme encourages multi-disciplinary Proposals envisaging network/collaboration of various Organizations having diverse expertise and facilities for synergistic implementation of the Projects. Participation of industry is encouraged.
  • Project Proposals from academic/R&D Institutions in collaboration with Industry having DSIR recognized R&D Laboratories will be preferred.

Technology Incubation and Development of Entrepreneurs (TIDE) 2.0

Ministry:

Ministry of Science & Technology

Department:

Department of Science & Technology (DST), Govt of India

Key Sector Covered:

  • Technology

Brief:

  • TIDE 2.0 will promote tech entrepreneurship through financial and technical support to incubators engaged in supporting ICT startups primarily engaged in using emerging technologies such as IoT, AI, Blockchain, Robotics, etc. in pre-identified areas of societal relevance. The Scheme will be implemented through empowering 51 incubators in India and handholding close to 2000 tech start-ups over a period of 5 years. The scheme envisions creating a holistic ecosystem to support technology startups and incubation centers through identifying and creating necessary linkages.

Eligibility Criteria:

  • Organisation of higher learning and R&D organizations across India, having incubation facilities and established links with large companies, industry bodies, and industry clusters are eligible for the scheme.

NIDHI Programme

Ministry:

Ministry of Science & Technology

Department:

Department of Science & Technology (DST), Govt of India

Brief:

  • National Initiative for Developing and Harnessing Innovations (NIDHI) is an umbrella program conceived and developed by the Innovation & Entrepreneurship division, Department of Science & Technology, Government of India, for nurturing ideas and innovations (knowledge-based and technology-driven) into successful startups. The program would work in line with the national priorities and goals and its focus would be to build an innovation-driven entrepreneurial ecosystem with an objective of socioeconomic development through wealth and job creation. NIDHI aims to nurture start-ups through scouting, supporting, and scaling innovations. The key components of NIDHI are –
  • 1. NIDHI-GCC - Grand Challenges and Competitions for scouting innovations
  • 2. NIDHI-PRomotion and Acceleration of Young and Aspiring technology entrepreneurs (NIDHI-PRAYAS) - Support from Idea to Prototype
  • 3. NIDHI-Entrepreneur In Residence (NIDHI-EIR) - Support system to reduce risk
  • 4. NIDHI-Technology Business Incubator (TBI) - Converting Innovations to start-ups
  • 5. NIDHI-Accelerator - Fast tracking a start-up through focused intervention
  • 6. NIDHI-Seed Support System (NIDHI-SSS)- Providing early stage investment
  • 7. NIDHI Centres of Excellence (NIDHI-CoE) - A World-class facility to help startups go global.

Eligibility Criteria:

  • All the NIDHI-Startup Funds will be disbursed to eligible startups only through eligible NSTEDB linked incubators across India
  • For more detailed information:<a href='https://www.nstedb.com' target='_blank'>https://www.nstedb.com</a>

DST Water Technology Call for Proposals 2023

Ministry:

Ministry of Science & Technology

Department:

Department of Science & Technology (DST), Govt of India

Key Sector Covered:

  • Water/Environment

Brief:

  • The primary aim of this call is to stimulate research proposals that strongly emphasize solution-oriented scientific work. Proposals should establish a clear connection between the need for scientific research, gaps in existing knowledge, and the demand for project deliverables. The current DST-WTC Call focuses on supporting research in specific themes related to water. These efforts align with the objectives of achieving Sustainable Development Goal #6. Additionally, they complement the missions and programs of other relevant ministries, such as National Water Missions, Jal Jeevan Mission, National Amrit Sarovar Mission, Atal Bhujal Yojana, Har Ghar Nal Scheme, River Development and Ganga Rejuvenation, and Pradhan Mantri Krishi Sinchayee Yojana (PMKSY).

Eligibility Criteria:

  • Eligibility as per the official scheme document: For the Applied Research Stream (Leading to the establishment of Proof-of-Concept), the proposals are to be led by faculties/ scientists working in a regular position in recognized Academic Organisation /Public funded R&D Institutions/ Laboratories, Central and State government autonomous organizations State S & T councils.
  • For the technology Development Stream (Leading to Lab Scale Demonstration), the proposals have to be submitted in the Institute – Industry / User partnership mode only. The proposals are to be led by faculties/ scientists working in regular positions in recognized Academic Institutions, Public funded R&D Institutions/ Laboratories, State S&T councils in partnership with other academic/ R&D organisations, state-line departments, S&T-based voluntary organisations, DSIR-recognized SIRO organization, etc. The company/industry should be willing to contribute in the form of industry-attributable technical inputs and resources with at least 10% of the project cost in cash.
  • For the Technology Assessment Stream (Leading to Pilot-Scale demonstration of the technology in the field setting), the proposals are to be led by faculties/ scientists working in a regular position in recognized Academic institutions, Public-funded R&D Institutions/ Laboratories in partnership with other academic, R&D organizations, DSIR-recognized R&D organizations, industries, and Users (Utility, Panchayat, Municipal Corporation, Urban Development Authority, etc).
  • For the Convergent Solution Stream, the proposals have to be submitted in consortium mode only. The consortium is expected to be led by faculties/ scientists working in a regular position in recognized academic institutions, public-funded R&D Institutions/ Laboratories, state S&T councils in partnership with other academic/ R&D organisations, state line departments, S&T-based voluntary organizations, etc. Participation of industries/ start-ups is also welcome, wherever applicable. The consortium should essentially include at least a user having an interest in the intervention, a solution designer, and a solution provider.

E-YUVA

Ministry:

Ministry of Science & Technology

Department:

DBT - BIRAC

Key Sector Covered:

  • Biotechnology

Brief:

  • E-YUVA scheme is mandated to promote a culture of applied research and need-oriented (societal or industry) entrepreneurial innovation among young students and researchers. The scheme provides funding support (through fellowship and research grant), technical and business mentoring, exposure to bio incubation model, orientation to entrepreneurial culture, etc. to students at various levels including undergraduates, post-graduates, and post-doctoral.

Eligibility Criteria:

  • Open to students pursuing postgraduate studies (Masters or PhD) in biotechnology or related fields from recognized Indian universities and institutes.
  • Faculty members and researchers from Indian academic institutions can also apply as mentors for student teams.
  • Projects should focus on translational research with potential for societal or industrial applications.
  • Applicants must demonstrate innovation and feasibility of their proposed research.

Small Business Innovation Research Initiative (SBIRI)

Ministry:

Ministry of Science & Technology

Department:

Department of Biotechnology (DBT)

Key Sector Covered:

  • Biotechnology

Brief:

  • The Small Business Innovation Research Initiative (SBIRI) scheme of the Department of Biotechnology, Ministry of Science & Technology was launched in 2005 to boost Public-Private- Partnership (PPP) efforts in the country. SBIRI was the first of its kind, early-stage, innovation-focused PPP initiative in the area of Biotechnology. The launching of SBIRI has worked as an enabling platform for the target organizations to realize their potential in terms of product and process development and taking them to the market. It has facilitated innovation, and risk-taking by small and medium companies and brought together the private industry, public institutions, and the government under one roof to promote the research and innovation in the Indian Biotech Sector. The projects supported under the scheme have resulted in prominent outcomes in the form of some products which have already come to the market and some promising research leads seeing a ray of hope for commercialization.

Eligibility Criteria:

  • The proposals can be submitted
  • Solely by a Company incorporated under the Companies Act, 2013 or Limited Liability Partnership (LLP) incorporated under the Limited Liability Partnership Act, 2008 or Joint Ventures either in the form of Company/ LLP by any of the above entities jointly with other private or public partners (s) (Universities or Institutes).
  • ELIGIBILITY CRITERIA FOR INDUSTRY
  • Minimum 51% of the shares of the Company should be held by Indian Citizens holding Indian passports (Indian Citizens do not include Person of Indian Origin (PIO) and Overseas Citizenship of India (OCI) holders) Minimum half of the persons who subscribed their names to the LLP document as its Partners should be Indian citizens. Participating companies should have adequate in-house facilities to address the project implementation aspects (which shall be evaluated during the site visit) OR Incubated with any of the recognized Incubation Facility.
  • ELIGIBILITY CRITERIA FOR ACADEMIC COLLABORATOR
  • Public/private university/colleges in India
  • National research laboratories
  • Not-for-profit private research labs/societies/foundation

DST National Mission on Interdisciplinary Cyber-Physical Systems (DST NM-ICPS)

Ministry:

Ministry of Science & Technology

Department:

Department of Science and Technology

Key Sector Covered:

  • Technology

Brief:

  • The National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS) is transforming ideas, concepts, and prototypes into market-ready products and boosting new and emerging technologies to power national initiatives in key areas. The 25 Technology Innovation Hubs (TIH) set up across the country under the mission are bringing about the transformation by actively coordinating, communicating, and facilitating technology transfer to industries.

Eligibility Criteria:

  • Researchers and faculty : Ph.D. degree in Science, Engineering, or related fields Experience in research and development related to Cyber-Physical Systems (CPS) Affiliation with a recognized academic or research institution in India Strong publication record in relevant fields.
  • Students : Master's degree in Science, Engineering, or related fields Good academic record with a strong interest in CPS research Enrollment in a Ph.D. program at a recognized Indian institution.
  • Start-ups and entrepreneurs : Focus on developing innovative CPS solutions with potential for commercialization Strong team with relevant expertise in technology, business, and marketing Incorporation as a registered company in India.
  • Industry partners : Commitment to collaborate with academic institutions and research labs Interest in adopting and deploying CPS technologies for their products and services Willingness to invest in R&D and innovation activities.

High Risk-High Reward Research

Ministry:

Ministry of Science & Technology

Department:

Department of Science & Technology

Key Sector Covered:

  • Technology

Brief:

  • The High Risk - High Reward Research aims at supporting proposals that are conceptually novel and risky, and if successful, are expected to cause a paradigm shifting influence on the S&T. The applicant (s) must be an Indian citizen residing in India and must hold a regular academic research position in a recognized institution. The proposals can be submitted by an individual or by a team of investigators. Proposals submitted by a team of investigators must identify a Principal Investigator who will spearhead the research objectives and administer the grant. The focus of proposals should be on formulating novel hypotheses or scientific breakthroughs which aid in the emergence of new technologies.

Eligibility Criteria:

  • Applicant should be an Indian citizen residing in India. The applicant(s) must hold a regular academic research position in a recognized institution. The proposals can be submitted by an individual or by a team of investigators. Proposals submitted by a team of investigators must identify a Principal Investigator, who will spearhead the research objectives and administer the grant.

Biotechnology ignition grant (big)

Ministry:

Ministry of Science & Technology

Department:

Department of Biotechnology (DBT)

Key Sector Covered:

  • Biotechnology

Brief:

  • The basic idea of SEED Fund is providing Capital assistance to startups with new and meritorious ideas, innovations and technologies. This would enable some of these start-ups to graduate to a level where they will be able to raise investments from angel/Venture capitalist or they will reach a position to seek loans from commercial banks /financial institutions. Thus the proposed seed support is positioned to act as a bridge between promoters investment and Venture/Angel investment. This is not an investment scheme, but, rather a support scheme to enable start-ups and incubator to attain sustainability.

Eligibility Criteria:

  • Individual:
  • The individual applicant should be an Indian citizen
  • The primary applicant should be the Project Leader
  • The applicant has to be incubated in an incubator (Incubator could be located anywhere in the country and may/may not be supported by BIRAC). At the time of application, the applicant is expected to have identified preferred incubator. LoI/MoU with the incubator is required for final approval.
  • Employed individuals
  • - Individual who is a promoter shareholder of a Biotech company or one of the partners in a Biotech LLP will not be allowed to apply as an individual, irrespective of the percentage of shareholding of the applicant in the company.
  • Startups/Companies:
  • The Company/LLP should be registered under the Indian Companies Act, 1956/2013
  • The incorporation date of the Company/LLP should not be earlier than 5 years from the date of closing of a particular BIG call.
  • A company is considered as 'owned’ by resident Indian citizen(s) if minimum 51% of the capital is beneficially owned by resident Indian citizen(s) and / or Indian companies, which are ultimately owned and controlled by resident Indian citizens
  • Company/LLP’s application should be represented by a Project Leader
  • The Company/LLP must have its own in-house R&D facility that is functional and adequate to execute the project. If the Company/LLP does not have a functional and adequate laboratory of its own then it should be incubated at an incubator
  • If an applicant company, in which any promoter holding more than or equal to 20% of the shares, is a co-promoter of another ineligible company or a partner in another ineligible LLP, then the applicant will not be eligible. The only exception to this shall be situation wherein the latter ineligible company/LLP is operating in non-biotech domain. In case applicant is a LLP: An applicant LLP, in which any of the partners is also a partner in another ineligible LLP or is a co-promoter in another ineligible company, then the applicant will not be eligible. The only exception to this shall be situation wherein the latter ineligible LLP/company is operating in non-biotech domain.

Digital Communication Innovation Square

Ministry:

Ministry of Communications

Department:

Department of Telecommunications

Key Sector Covered:

  • Communication

Brief:

  • The Digital Communication Innovation Square (DCIS) is an initiative that is intended to catalyze startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. TCOE India is implementing the Scheme on behalf of the Department of Telecom. The Implementing Agency (IA) is working under the overall supervision of the Apex Committee and guidelines issued by the DoT.

Eligibility Criteria:

  • The Digital Communication Innovation Square (DCIS) is open to startups defined by DPIIT and are working towards development or improvement of products and processes with scalable business models.
  • Specific eligibility requirements can be viewed in the official document of the policy.

Cent Kalyani Scheme

Ministry:

Central Bank of India

Key Sector Covered:

  • Women Entrepreneuship

Brief:

  • Cent-Kalyani is an initiative by the Central Bank of India aimed at empowering women entrepreneurs and businesses. This initiative is launched to encourage Women Entrepreneurs to start new projects or expand and modernize the existing unit.

Eligibility Criteria:

  • New as well as Existing Women entrepreneurs for her Micro/Small enterprise ( as defined under MSME Act- 2006) .i.e engaged in manufacturing and service activity for eg. Handloom weaving Handicraft, Food-Processing, Garment making, etc. Professionals & Self-employed women - Doctors, Chartered Accountants, and Engineers or trained in Art or Craft, etc.
  • Health/Beauty/clinics/Dieticians/Fashion Designing Beauty Parlors. Small Business-Small/lunch/canteen, mobile restaurant, circulating/ library/tailoring/Day Creaches for children, Tailoring/Typing/STD/Xerox booth, etc.Transport Operators- Three wheelers/Four wheelers. (Retail Trade/Education and Training Institute/Self Help Group not eligible)

CENT STAND UP INDIA

Ministry:

Central Bank of India

Key Sector Covered:

  • Manufacturing

Brief:

  • CENT STAND UP INDIA is an initiative by the Central Bank of India aimed at supporting entrepreneurship and business initiatives for individuals and communities belonging to Scheduled Castes (SC) and Scheduled Tribes (ST). The purpose is to set up a new Green Field New Enterprise in the manufacturing, trading, or services sector by SC/ST/ Women entrepreneurs. Please note that the scheme is not applicable for existing units or expansion purposes.

Eligibility Criteria:

  • SC/ST and /or Woman Entrepreneurs, above 18 years of age. In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur.

Women Entrepreneur Cell

Ministry:

Central Bank of India

Key Sector Covered:

  • Agriculture, Retail

Brief:

  • The Women Entrepreneur Cell is an initiative by the Central Bank of India dedicated to supporting and promoting women entrepreneurs. The aim is to emerge as a key player for Women Empowerment by enhancing their capabilities in Entrepreneurship, Responsive to their special credit needs, and offering them the best financial services and best Banking practices.

Eligibility Criteria:

  • Women Entrepreneurs are eligible for this scheme.

National Handloom Development Programme

Ministry:

Ministry of Textiles

Key Sector Covered:

  • Handloom

Brief:

  • The NHDP is an attempt to facilitate the sustainable development of handloom weavers located in and outside identified handloom clusters into a cohesive, self-managing and competitive socio-economic unit.
  • NHDP has been formulated for its implementation during the financial year 2021-22 to 2025-26. The scheme will follow a need-based approach for the integrated and holistic development of handlooms and the welfare of handloom weavers. The scheme will support weavers, both within and outside the cooperative fold including Self Help Groups, etc. towards raw material, design inputs, technology upgradation, marketing support through exhibitions, creating permanent infrastructure in the form of Urban Haats, marketing complexes, etc.

Eligibility Criteria:

  • The scheme has several components and eligibility varies for each of these. Please refer to the NHDP document for more details.

Raw Material Supply Scheme

Ministry:

Ministry of Textiles

Key Sector Covered:

  • Handloom

Brief:

  • The Ministry of Textiles introduces the Raw Material Supply Scheme, which is designed to ensure the availability of quality raw materials to handloom weavers and artisans. This scheme supports the handloom sector by providing reliable access to essential raw materials.

Eligibility Criteria:

  • Individual weavers.
  • Agencies in which weavers are members i.e. Self Help Groups (SHGs), Joint Liability Groups (JLGs) and Cooperative Societies.
  • Handloom Producer Company.
  • Weavers Entrepreneurs Entrepreneurs, who are involved in actual weaving activity along with marketing and other activities & own Handlooms on their premises, will be eligible weaver entrepreneurs.
  • The number of Handlooms owned and functional in the premises of the weaver entrepreneur will be counted for the raw material subsidy component purpose.

National Handicrafts Development Program

Ministry:

Ministry of Textiles

Key Sector Covered:

  • Handicrafts

Brief:

  • The NHDP scheme envisages a package of support to the handicraft clusters and artisans which inter-alia include basic inputs and infrastructure support in addition to capacity enhancement to cater to target market.
  • The components of the NHDP scheme have been designed in such a way that the scheme will provide end-to-end support to millions of handicraft artisans employed in the sector, create a conducive environment, and provide a level playing field to them against machine-made products.
  • The main focus area of the schemes is to bring every handicraft artisan into the mainstream while preserving & ensuring the continuation of prestigious crafts of the country by providing marketing platforms for handicraft products, resilient infrastructure support, and skilling new entrants through numerous kinds of design and skill training programs and thus focus on capacity building for the sector. In addition to strengthening of handicrafts sector and empowering artisans, the schemes also provide an umbrella of safety to millions of artisans by bringing them under various social security coverage through schemes like Aam Admi Jeeven Joyti Yojana, Pradhan Mantri Jeevan Joyti Yojana, etc. and providing pension to old aged artisans.

Eligibility Criteria:

  • The eligibility criteria are different for different components under this scheme, please refer to the NHDP document for more details.

Electronics Hardware Technology Park Scheme

Ministry:

Ministry of Electronics and Information Technology (MeitY)

Key Sector Covered:

  • Hardware

Brief:

  • The STP (Software Technology Park) and EHTP (Electronic Hardware Technology Park) schemes are initiatives aimed at promoting software and electronics hardware development for exports in India. These schemes provide specific benefits and eligibility criteria for interested units.

Domain-specific Centres of Excellence

Ministry:

Ministry of Electronics and Information Technology (MeitY)

Key Sector Covered:

  • Deep Tech/Technology

Brief:

  • MeitY had envisaged and operationalized a clutch of Centres of Excellence (CoEs) in diverse areas of national interest pan India providing a focal point for knowledge management, driving self-sufficiency, and creating capabilities to capture new and emerging technology areas. These domain-specific Centres of Excellence (CoEs) are made operational with the participation of MeitY, STPI, State Governments, Industries, and VCs.

Genesis

Ministry:

Ministry of Electronics and Information Technology (MeitY)

Key Sector Covered:

  • Deep Tech/Technology

Brief:

  • Ministry of Electronics and Information Technology (MeitY) has launched an umbrella program Digital India-GENESIS to discover, support, grow, and make successful startups in Tier-II and Tier-III cities with emphasis on collaborative engagement among startups, government, and corporates for promoting digitization based on the principals of inclusivity, accessibility, affordability, leading to growth in employment and economic outputs.

Eligibility Criteria:

  • Eligibility Criteria for Implementation Agency:
  • Organisation and institutions that are based out of Tier II and Tier III cities of India, are eligible to apply for this scheme.
  • Eligible entities include startup incubators, accelerators, investment platforms, entrepreneurship-supporting organizations, and academic R&D institutions that have intent, expertise, and allocation of resources to support student entrepreneurs and innovators in their local community.

Duty Exemption And Remission Scheme

Ministry:

Ministry of Electronics and Information Technology (MeitY)

Key Sector Covered:

  • Import

Brief:

  • The scheme enables duty-free import of inputs for export production, including replenishment of inputs or duty remission.

Software Technology Park (STP) Scheme

Ministry:

Ministry of Electronics and Information Technology (MeitY)

Department:

Software Technology Parks of India (STPI)

Key Sector Covered:

  • IT and Service Sector

Brief:

  • The STP Scheme is a 100% export-oriented scheme for the development and export of computer software, including export of professional services using communication links or physical media. As a unique scheme, it focuses on one sector, i.e. computer software. The scheme integrates the government concept of 100% Export Oriented Units (EOU) and Export Processing Zones (EPZ) and the concept of Science Parks/Technology Parks, as operating elsewhere in the world.

Eligibility Criteria:

  • Company Registration: Registered under the Companies Act, 2013, or as a Limited Liability Partnership (LLP).
  • Minimum Export Turnover : At least 50% of the annual turnover must be earned from export of software or IT services, hardware exports, or AVGC content.
  • Technology Focus : Primarily engaged in development and/or delivery of technology-driven services or products.
  • Other Compliance : Meet additional criteria related to net positive foreign exchange earnings, minimum investment in infrastructure, and adherence to statutory regulations.

VENTURE CAPITAL FUND FOR SCHEDULED TRIBES (VCF-ST)

Ministry:

Ministry of Tribal Affairs (MoTA)

Key Sector Covered:

  • Scheduled Tribes

Brief:

  • Venture Capital Fund for Scheduled Tribes (VCFST), a scheme was launched on February 10, 2024 by Hon’ble Union Minister for Tribal Affairs (MoTA), Government of India (GoI) Shri Arjun Munda in the gracious presence of Hon’ble President Smt. Draupadi Murmur. The scheme Venture Capital Fund for Scheduled Tribes (VCFST) is launched to promote entrepreneurship and to support innovative ideas through Technology Business Incubators by providing concessional finance to the companies promoted by Scheduled Tribes entrepreneurs.

Eligibility Criteria:

  • The projects/units being setup in the manufacturing, services and allied sector, including start-ups and units being incubated in the technology business incubators, ensuring asset creation out of the funds deployed in the units shall be considered.
  • A. For Companies applying for assistance up to Rs.50 lakh: Companies having :
  • i. at least 51% shareholding by Scheduled Tribes entrepreneurs for the past 6 months with the management control OR;
  • ii. a new Company provided that the new company is a successor entity of Proprietary Firm or One Person Company (OPC) or Limited Liability (LLP) or any other establishment incorporated under any law in force with sound business model which has been in operation for over 6 months, and the predecessor entity had at least 51% shareholding of the Scheduled Tribes entrepreneurs with management control.
  • B. For Companies applying for assistance above Rs.50 lakh: Companies having :
  • i. At least 51% shareholding by Scheduled Tribes entrepreneurs for the past 12 months with management control OR;
  • ii. a new Company provided that the new company is a successor entity of Proprietary Firm or One Person Company (OPC) or Limited Liability (LLP) or any other establishment incorporated under any law in force with sound business model which has been in operation for over 12 months, and the predecessor entity had at least 51% shareholding of the Scheduled Tribes entrepreneurs with management control.
  • For Technology Oriented Innovative Projects:
  • A. Eligibility Criteria for technology oriented innovative projects Innovative ideas selected by Technology Business Incubators (TBIs) for incubation funding to cover the cost of carrying out innovation projects subject to a ceiling of Rs.10 lakhs on an average year for a period of three years aggregating Rs.30 lakhs subject to satisfactory progress. Or;
  • B. New Companies having at least 51% shareholding by first time Scheduled Tribes entrepreneurs who have been working in technology oriented innovative projects:
  • i. With the support of incubation centers at IITs, NITs, Premier Business Schools, Universities, Institutions, Medical Colleges, NSTEDB under Department of Science & Technology (DST) or supported by corporates, with good potential of commercialization and project is at implementation stage.
  • ii. Projects sanctioned by Departments/Ministries of Government of India after due appraisal.

PLI Scheme for Automobile and Auto components

Ministry:

Ministry of Heavy Industries & Public Enterprises

Key Sector Covered:

  • Automobile

Brief:

  • The government has introduced the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry for Enhancing India’s Manufacturing Capabilities for Advanced Automotive Products. This scheme proposes financial incentives to boost domestic manufacturing of Advanced Automotive Technology products and attract investments in the automotive manufacturing value chain.

Eligibility Criteria:

  • For detailed information regarding eligibility, please refer to the guidelines document from the link below: <a href='https://www.indiafilings.com/learn/pli-scheme-for-automobile-and-auto-component-industry/#:~:text=Eligibility%20Criteria%20for%20Existing%20Company&text=Minimum%20Rs.,10%2C000%20crores.&text=Global%20Investment%20of%20Company%20or%20its%20Group%20Company%20in%20fixed,150%20crore' target='_blank'>https://www.indiafilings.com/learn/pli-scheme-for-automobile-and-auto-component-industry/#:~:text=Eligibility%20Criteria%20for%20Existing%20Company&text=Minimum%20Rs.,10%2C000%20crores.&text=Global%20Investment%20of%20Company%20or%20its%20Group%20Company%20in%20fixed,150%20crore</a>

PLI Scheme for National Programme on Advanced Chemistry Cell (ACC) Battery Storage

Ministry:

Ministry of Heavy Industries & Public Enterprises

Key Sector Covered:

  • Energy Storage Sector

Brief:

  • The Ministry of Heavy Industries & Public Enterprises presents the PLI Scheme for National Programme on Advanced Chemistry Cell (ACC) Battery Storage. This scheme is designed to boost the production of advanced chemistry cell (ACC) batteries in India and promote the adoption of clean and efficient energy storage solutions.

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