Punyashlok Ahilyadevi Holkar Women Startup Scheme — Frequently Asked Questions

This scheme is a flagship initiative by the Maharashtra State Innovation Society (MSInS) designed to empower and provide financial assistance to innovative, women-led startups across Maharashtra through direct, non-dilutive grants.

Eligible startups must be DPIIT-recognized, registered in Maharashtra, operational for over one year, and registered with MCA before November 20, 2024. Women founders must hold more than 51% equity, and the startup's annual revenue should be between ₹10 lakhs and ₹1 crore. They must not have received other Maharashtra government grants for the same project.

The scheme offers grant funding ranging from ₹1 lakh up to a maximum of ₹25 lakhs for eligible women-led startups.

The current application deadline for the scheme is February 15, 2026.

Yes, it is a mandatory requirement that the startup must be DPIIT-recognized to be eligible for the Punyashlok Ahilyadevi Holkar Women Startup Scheme.

No, the Punyashlok Ahilyadevi Holkar Women Startup Scheme provides non-dilutive grant funding, meaning it does not take any equity stake from the recipient startups.

Eligible startups must have an annual revenue between ₹10 lakhs and ₹1 crore.

Applicants must submit their applications through the official Maharashtra State Innovation Society application portal. The process involves providing detailed company and founder information, along with supporting documents.

Punyashlok Ahilyadevi Holkar Women Startup Scheme is offered by Maharashtra State Innovation Society (MSInS), a government body. It is provided as non-dilutive funding.