Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Budget 2022: Govt allocates Rs.283.5 Cr for Startup India Seed Fund Scheme
The government has allocated INR 283.5 crore for the Startup India Seed Fund Scheme in the Budget 2022-23, which is higher than the Revised Estimate of about INR 100 crore. The allocation for the Startup India programme has been increased to INR 50 crore for 2022-23 from the Revised Estimate of INR 32.83 crore in 2021-22. The budgetary allocations for the Fund of Funds for Startups stood at INR 1,000 crore. The government has set up a Fund of Funds for Startups (FFS) with a corpus of INR 10,000 crore. The Small Industries Development Bank of India (SIDBI) is the operating agency for the FFS. In April 2021, the government rolled out the Startup India Seed Fund Scheme (SISFS), which aims to provide financial assistance to start-ups for proof of concept, prototype development, product trials, market-entry, and commercialization.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.