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
Informediary Services
The startups require intensive networking and information about other business ventures. This scheme provides information on business, technology and finance to MSMEs, and also exhibit core competencies of Indian SMEs. This is done through MSME Global mart - www.msmemart.com. These information is available through annual membership of the portal.A free membership plan is also provided with limited access and services and a Gold membership plan for SC/STs is also provided with full access and services, which is free of charge.
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.
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.
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.
IREDA NCEF Refinance scheme
Indian Renewable Energy Development Agency Ltd. (IREDA) has published a revised refinance scheme under the support by The National Clean Energy Fund (NCEF) elaborating about the revival of the operations of existing biomass power & small hydro power projects affected due to unforeseen circumstances
BIRAC ACE Fund - Accelerating Entrepreneurs
Biotech start up journey, especially for first time entrepreneurs, is full of hurdles, both technological as well as business related such as business plan and market entry strategies, navigating regulatory hurdles, connecting and pitching to VCs and networking with future stakeholders. There is a greater realisation within the biotech community regarding the importance of focused mentorship which can help accelerate nascent biotech start up. BIRAC is therefore envisaging designing and implementing an equity based fund for supporting entrepreneurs in the valley of death.
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.
Amended Technology Upgradation Fund Scheme (ATUFS)
With Aim of 'Make in India' and 'Zero Defect and Zero Effect' in manufacturing, the government provides credit linked capital investment subsidy. This scheme would facilitate augmenting of investment, productivity, quality, employment, exports and import subsitution in textile industry. It will also indirectly promote investment in textile machinery manufacturing.
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.
Export Development & Promotion of Spices
The programmes under the scheme ‘Export Development and Promotion’ aims to support exporters to adopt high tech processing technologies or to upgrade existing level of technologies for high end value addition and to develop capabilities to meet the changing food safety standards in the importing countries. The scheme also caters to promoting the Indian spices exporter by assisting them in promotion of Indian Goods in International Trade Fairs, Seminars, etc. by reimbursing their expenditure on the same.
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.
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
Marketing support /Assistance to MSMEs (Bar code)
Under this scheme the Ministry conducts seminars and reimburses registration fees for bar coding in order to encourage MSEs to use bar-codes.The basic objective of this scheme is to enhance the Marketing competitiveness of Micro & Small Enterprises (MSEs) by way of: Providing 75% of one time registration fee and annual recurring fee (for first three years) paid by MSEs to GS1 India (GS1 India, an autonomous body under Ministry of Commerce & Industry, Government of India is a solution provider for registration for use of Bar Coding. To become a subscriber of GS1 India, all one has to do is fill up the subscription enquiry or registration form and make the necessary payments as registration fee. Details about registration with GS1 India for use of Bar Coding are available on their website www.gs1india.org).Popularising the adoption of bar codes on large scale amongst MSEs, Motivating and encouraging MSEs for use of bar codes through conducting seminars on Bar Code, etc.
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.
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.
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.
Material Testing Labs
Since MSMEs and entrepreneurs are involved in pleathora of testing new products and are always in a quest to achieve international standards of excellence. To facilitate their endeavours, NSIC launched Testing Labs Scheme by setting various testing laboratories accredited by NABL / BIS, provides material and product testing, energy audit, facilities, thus, enhancing their overall competitiveness. These Centre are equipped with the State of the Art indigenous equipments for carrying out performance and acceptance tests in the fields of chemical, material, electrical, motor & pumps, metallurgical etc.
NIDHI-PRomoting and Accelerating Young and ASpiring innovators & startups (NIDHI- PRAYAS)
To setup Idea to Prototype support, NIDHI-PRAYAS program has been launched. It is positioned as a pre-incubation initiative. Under NIDHI PRAYAS, 10 PRAYAS Centres have been setup at various TBIs along with support for establishing PRAYAS Shala and Proof of Concept Grant support for innovators/ entrepreneurs as Prayasee. To inspire the best talents to be entrepreneurs, minimise the risk involved in pursuing start-ups and to partially set off their opportunity costs of high paying jobs.
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
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.
Dairy Entrepreneurship Development Scheme
The department of Animal Husbandry, dairying and fisheries is implemeting Dairy Enterpreneurship Development Scheme (DEDS) for generating self-employment opportunities in the dairy sector, covering activities such as enhancement of milk production,procurement,preservation,transportation,processing and marketing of milk by providing back ended capital subsidy for bankable projects. The scheme is being implemented by National Bank for Agriculture and Rural Development (NABARD)
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