The Startup India Seed Fund Scheme (SISFS) is a central government initiative providing crucial seed funding to Indian startups.
The Startup India Seed Fund Scheme (SISFS) is a central government initiative designed to support emerging Indian startups. This scheme is administered by the Department for Promotion of Industry and Internal Trade (DPIIT), playing a vital role in fostering the startup ecosystem across the nation.
Under the SISFS, seed funding is provided to eligible startups through a network of empanelled incubators. The scheme offers financial assistance in the form of grants ranging from ₹20 lakh to ₹50 lakh. Additionally, it facilitates funding up to ₹5 crore through convertible debentures, further supporting the growth and development of new ventures.
Government seed grant up to ₹20L and debt up to ₹50L for DPIIT-recognised Indian tech startups under 2 years old. Rolling applications.
Compare this scheme's programs against the wider funding landscape.