What are Schemes?
Central and State Governments and private business corporations provide a range of non-financial benefits to entrepreneurs to enable to cross initial chasm of product development and market introduction. These are provided in form of schemes. This is a list of schemes that we are aware of. If you have any questions about them, please drop a mail to us at i4Mentors@gmail.com
Schemes
ATAL Innovation Mission
Atal Innovation Mission (AIM) is Government of India’s flagship initiative to create and promote a culture of innovation and entrepreneurship across the length and breadth of our country. AIM’s objective is to develop new programmes and policies for fostering innovation in different sectors of the economy, provide platforms and collaboration opportunities for different stakeholders, and create an umbrella structure to oversee the innovation & entrepreneurship ecosystem of the country.
Karnataka Semiconductor Venture Capital Fund (KARSEMVEN Fund)
Karnataka Semiconductor Venture Capital Fund (KARSEMVEN Fund) is a SEBI registered Venture Capital Fund having a corpus of Rs. 92.95 crore. The Fund proposes to undertake investments in companies catering to Semiconductor, Electronics System Design & Manufacturing (ESDM), Embedded Systems and such other allied sectors within the State of Karnataka
Ayurvedic Biology Program
The programme on Ayurvedic Biology was initiated primarily by the office of the Principal ScientificAdvisor to the Government of India. The programme, now reconceived, is being implemented by the Science and Engineering Research Board (SERB). Against this background, the SERB constituted a Task Force to promote the application of basic sciences in the investigation of Ayurvedic concepts, procedures and products, and nurture the discipline of Ayurvedic Biology.
Marketing assistance scheme
The Marketing Assistance Scheme was launched with the main aim of improving the marketing capabilities and competitiveness of the Micro, Small, and Medium Enterprises (MSMEs). The scheme was launched by the Ministry of Micro, Small, and Medium Enterprises.
Joint Advertising Support
The India tourism Offices overseas extend advertising support to wholesalers, retailers and other organizations also (like Museums, Clubs, special interest groups, etc.) who wish to organize special India promotions. This is to promote the entreprenuers products or services to the potential international customers.
Entrepreneurial and Managerial development of SME through incubators
To promote emerging technological and knowledge based innovative ventures that seek the nurturing of ideas from professionals.To promote and support untapped creativity of individual innovators and also to assist individual innovators to become technology based entrepreneurs.To promote networking and forging of linkages with other constituents of the innovation chain for commercialization of their developments.
E-Travel Trade Recognition
The Ministry of Tourism has a scheme for granting approval to hotel projects from the point of view of this suitability for international tourists. A classification committee set up by the Ministry classifies the functioning hotels under the star system into six categories from star one to five star deluxe. Similarly, the Ministry has a scheme of approving Travel Agents, Tour Operators, Adventure Tour Operators and Tourist Transport Operators, the idea being to encourage quality, standard and service in these categories so as to promote Tourism in India.This is a voluntary scheme open to all bonafide agencies.
Aatmanirbhar Bharat App Innovation Challenge
The 4th of July 2020 has been quite a historic day for the Indian startups and the gear that the startups of India have got after that day because it is on the same day that the Prime Minister of India, Narendra Modi has announced the launch of the "Aatmanirbhar Bharat App Innovation Challenge". With this launch, PM Modi urged the startups of India to come together and develop ‘Made in India’ applications that will facilitate not only the people of India but the whole world. In his tweet, PM urged all the tech and startup community to come forward and develop world-class mobile applications under the challenge.
KITVEN Fund-3 (Biotech)
KITVEN Fund-3 (Biotech) is a SEBI registered Venture Capital Fund having target corpus of Rs. 35.55 crore. The Fund proposes to undertake investments in companies catering to Biotechnology and such other allied sectors within the State of Karnataka. Currently, the Fund has received commitment from State and Central Government firms/ institutions like Karnataka Biotechnology & Information Technology Services (KBITS), Small Industries Development Bank of India (SIDBI) and KSIIDC BIRAC.
COVID-19 STARTUP ASSISTANCE SCHEME (CSAS)
SIDBI recognizes the operational and financial challenges being faced by the start-ups and endeavors during COVID-19 Pandemic to provide financial assistance and stability via its scheme viz. Covid-19 Startup Assistance Scheme (‘CSAS’). Purpose: To provide interim support to startups whose cash flow and liquidity has been adversely impacted by the Covid-19 pandemic. The assistance can be used for various working capital requirements like salaries / wages, rent, administrative expenses, payment to vendors etc.
Coir Udyami yojana
This is a credit linked subsidy scheme for setting up of coir units with project cost upto Rs.10 lakhs plus one cycle of working capital, which shall not exceed 25% of the project cost. Working capital will not be considered for subsidy. The scheme main objective is to facilitate sustainable development of the Coir Industry in the country and is under the ambit of Minsitry of MSME.
Marketing Development Assistance for promotion of domestic tourism
Ministry of tourism through this particular aims to project India as a multidimensional tourist destination by inviting the foreign media (stakeholders) to promote the Brand 'India'. This scheme also provides financial assitance to local tourist operators/agencies/travel startups/hoteliers to promote by various activites in NE states and Jammu and Kashmir. The scheme also caters to promotion of unexploited and less visited places.
Bioincubators Nurturing Entrepreneurship For Scaling Technologies (Bio-NEST)
Bio-incubation allows harnessing of the entrepreneurial potential of start ups by providing access to infrastructure as well as mentoring and networking platforms that the start ups could use during their fledgling days. The Startup India Action Plan has necessitate creation of new bio-incubation space that are world class and that can provide cutting edge access to the best bio- incubation environs for propelling innovative ideas towards productization. BIRAC’s focus has been creation of a biotechnology startup environment in the country. It has taken a couple of strategic implementation programmes that span from provide funding to early stage ideas through grants, creation of bioincubators at strategic locations (through BioNEST) and extend mentorship and networking opportunities to startups Through BioNEST, BIRAC has supported 20 bioincubators that are at various stages of operationalization with the cumulative area of 200000 sq.ft. Out of this approximately 100,000 sft space is currently active for incubation. The 20 bioincubators are placed either within academic/research clusters or stand-alone incubators either privately funded or funded by State Governments. The new growth in biotech startups would require either scaling of existing bio-incubation space in current biotech hubs or creation of new bio- incubation space at nascent hubs that have the potential to become bigger biotech hubs in the next decade. Further, the creation of new bio- incubation space should be cognizant about the differential needs of varied nature of biotech startups- especially those that are medtech (including medical electronics hardware), biopharma, agri-biotech and biomaterials.
Micro Exporters Policy (MEP)
The Small Exporter's Policy is basically the Standard Policy, incorporating certain improvements in terms of cover, in order to encourage small exporters to obtain and operate freely without the different type of risks like Political and Commercial. It is issued to exporters whose anticipated export turnover for the period of one year does not exceed INR 1 crores.
Coir vikas yojana
The scheme facilitates development of domestic and export markets, skill development and training, empowerment of women, employment/entrepreneurship creation and development, enhanced rawcmaterial utilization, trade related services, welfare activities for the coir workers, etc.
Entrepreneurship Skill development programme
Entrepreneurship Skill Development Programmes are organized regularly to train and make the youth aware of the various requirements and know-how for setting up MSEs. The idea is to bridge the skill divide in the country. These EDPs are generally conducted in ITIs, Polytechnics, and other technical institutions. The idea is to motivate the youth towards becoming job creators rather than job seekers.20% of the ESDPs are conducted exclusively for SC/ST/women and P.H. members of the society. It is a free-of-cost program
A Scheme For Promotion Of Innovation,Rural Industries & Entrepreneurship (ASPIRE)
ASPIRE- was launched to set up a network of technology centres and to set up incubation centres to accelarate enterpreneurship and also to promote startups for innovation in agro industry
Technology Incubation and Development of Entrepreneurs (TIDE) 2.0
TIDE 2.0 will promote tech entrepreneurship through financial and technical support to incubators engaged in supporting ICT startups primarily engaged in using emerging technologies such as IoT, AI, Block-chain, Robotics etc. in pre-identified areas of societal relevance. The Scheme will be implemented through empowering 51 incubators in India and handholding close to 2000 tech start-ups over a period of 5 years. The scheme envisions creating a holistic ecosystem to support technology startups and incubation centers through identifying and creating necessary linkages.
Small industries development bank of indian
Small Industries Development Bank of India (SIDBI) set up on 2nd April 1990 under an Act of Indian Parliament, acts as the Principal Financial Institution for Promotion,Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for co-ordination of functions of institutions engaged in similar activities
Self Employment and Talent Utilisation (SETU)
SETU will be a Techno-Financial, Incubation and Facilitation Programme to support all aspects of start up businesses, and other self-employment activities, particularly in technology-driven areas. It aims to create around 100,000 jobs through start-ups.
Technology development programme
Technology Development Programmes (TDP) is to convert proof-of-concepts for development of pre-competitive/commercial technologies/ techniques/ processes. The commercialization of these technologies needs further assessment/incubation, which does not fall in the scope of the Technology Development Programme. Transfer of technology developed under the project to the industry should ideally be the onus of the host institutions. Proposals of incremental R&D over the existing technologies may be considered for support. Theme based concept proposals for proof of feasibility will not be considered under TSDP-DST. Only full fledged complete proposals for development of technology/process/product will be considered under TSDP. Projects related to design and development of Software/IT, as required for products and processes, as a part of technology development project shall be considered. Pure software development does not fall in the scope of the programme
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