What are Grants? 

Numaligarh Refinery Limited (NRL) in 2017, launched an initiative called ‘NRL iDEATION’ with a mission to provide a robust platform for the startup eco-system in the NE region, by providing incubation, mentoring & funding to ideas based on ‘Original Thinking’.

Biotechnological research and development in India is largely carried out by academic institutions (universities/research organizations) and to some extent by industry (mostly large companies). By virtue of their strong infrastructure & technical capability academic/ research establishments are mandated to research on variety of problems of national importance and societal relevance. Also, unlike industry, research by academia is not governed by commercial gains alone thus allowing them to work on problems involving even high degree of risk. To encourage/support academia to develop technology/product (up to PoC stage) of societal/ national importance and its subsequent validation by an industrial partner, BIRAC has launched PACE (Promoting Academic Research Conversion to Enterprise). The scheme has two components as below: 1. Academic Innovation Research (AIR): The objective of Academic Innovation Research (AIR) scheme is to promote development of Proof-of-concept (PoC) for a process/product by academia with or without the involvement of industry. 2.Contract Research Scheme (CRS): Contract Research Scheme (CRS) aims at validation of a process or prototype (developed by the academia) by the industrial partner.

National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India. The Government of India announced the creation of the Dairy Processing and Infrastructure Development Fund under NABARD in the Union Budget of 2017-18 for the sustained benefit of farmers.

Venture Capital Fund is a Social Sector Initiative to be implemented nationally in order to promote entrepreneurship among the Scheduled Castes population in India. “Entrepreneurship” relates to entrepreneurs managing businesses which are oriented towards innovation and growth technologies. The spirit of the above mentioned fund is to support those entrepreneurs who will create wealth and value for society and at the same time promoting profitable business.

Oriental Bank of Commerce launched the scheme, women with an ownership of 51 percent share capital individually or jointly in a proprietary concern can avail a loan through the Orient Mahila Vikas Yojana. There is collateral required for loans between Rs. 10 lakhs to Rs. 25 lakhs. The repayment tenure of the loan is seven years. Orient Mahila Vikas Yojana Scheme also provides a concession on the interest rate of up to 2 percent.

This non-profit supports early-stage social entrepreneurs in the first 0-5 years. Selected enterprises are provided induction workshops, helped with milestone setting, offered personalized coaching, site visits, networking, funding, and other support

The Procurement and Marketing support Scheme would promote and educate MSMEs by organising trade fairs/awareness programs about GeM portal, Online services and other services. The scheme also encourage Micro and Small Entreprises to develop domestic markets and find new ways of  promotion of new market access initiatives. It will also cover activites required to facilitate market linkages for effective implementation of Public Procurement Policy for MSEs Order of 2012.

TePP provides grants at various stages - conceptualization, fabrication, development, trial, and application upto commercialisation.