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Navachar Mantra: Start Your Innovation Journey — Frequently Asked Questions

FAQ

Answers to the questions founders most often ask about Navachar Mantra: Start Your Innovation Journey — who qualifies, the funding amount, required documents and how the application works.

Frequently asked questions

What is the amount of funding offered?

The program does not provide direct funding but facilitates access to external funding ranging from ₹25 lakh to ₹1 crore from partners like Exim Bank, SIDBI, BIRAC, and Kotak Mahindra Bank.

What is the application deadline?

The deadline for applications is July 5, 2026.

Who is eligible to apply?

Resident Indian citizens aged 18 to 55 who are micro or small entrepreneurs. Applicants can be at the idea, prototype, or early-revenue stage. Unregistered entrepreneurs may apply if they commit to registering if selected.

Is DPIIT or MSME registration required?

No, neither DPIIT nor MSME registration is required to apply. Unregistered entrepreneurs are welcome, provided they commit to registering if selected.

Does the program take equity?

No, the program is a grant-based initiative and does not take equity from participants. Funding facilitated is also non-dilutive.

What sectors are supported?

The program is sector-agnostic and supports a wide range of sectors including Agriculture, Water & Sanitation, Automation, Waste Management, Healthcare, AI, Clean Energy, and many more.

How do I apply?

Applications must be submitted through the online form at the apply URL. The form takes about 10 minutes to complete, and your application is only considered upon submission.

What documents are needed?

No specific documents are mentioned. The application requires answers to questions about the problem you're solving, the uniqueness of your idea, and your progress.

Who offers Navachar Mantra: Start Your Innovation Journey?

Navachar Mantra: Start Your Innovation Journey is offered by FITT, IIT Delhi, an academic institution. It is provided as non-dilutive funding.

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