Startup India Seed Fund Scheme (SISFS) For Startups — Eligibility Criteria

To be eligible for the Startup India Seed Fund Scheme, startups must meet several key criteria:

• The startup must be recognised by DPIIT under the Startup India initiative.
• It must be incorporated not more than 2 years prior to the date of application.
• The business idea should demonstrate a clear market fit, viable commercialization potential, and significant scope for scaling.
• Technology must be a core component of the startup's product, service, business model, distribution model, or methodology.
• The startup must not have received more than ₹10 lakh in monetary support from any other Central or State Government scheme. This limit excludes prize money, subsidized workspace, lab access, and monthly founder allowances.
• At the time of application, at least 51% shareholding must be held by Indian promoters.
• The startup must be incorporated as a Private Limited Company, Limited Liability Partnership (LLP), or Registered Partnership. Sole proprietors and individual applicants are not eligible.
• Each eligible startup can avail both the grant support and the debt/convertible debenture support once each under the scheme.

Startup India Seed Fund Scheme (SISFS) For Startups is open to startups at the idea and product stage. It is open to startups registered anywhere in India. Applicants should be registered as llp, partnership and private limited. Applicants must hold DPIIT (Startup India) recognition.