What are Schemes?

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.

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

SFURTI is a Scheme of Fund for Regeneration of Traditional Industries. Ministry of MSME has launched this scheme in the year 2005 with the view to promote Cluster development. KVIC is the nodal Agency for promotion of Cluster development for Khadi as well as for V.I. products. As on date, a no. of 76 Clusters have come up as per the scheme and many of these clusters have been completed. The Revamped SFURTI Cluster will intensify the sustainability of the programme beyond the project period through creation of Special Purpose Vehicle (SPV) or deemed SPV. Further, the revamped guideline has added many new features for all round development of SFURTI clusters

Telecom Technology Development Fund (TTDF) Scheme is aimed for domestic companies and institutions involved in technology design, development, commercialization of telecommunication products and solutions, to enable affordable broadband and mobile services in rural and remote areas.Telecommunication technology products require significantly large funding and long gestation periods for R&D and commercialization including the additional efforts and resources for the products to move from prototype to commercial grade. Government is willing to support industry to build high impact deep tech projects at affordable cost to enable state of the art services for rural areas in the country.

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.

This scheme is for individual beneficiaries and is implemented through the SCAs.

The Software Technology Park (STP) Scheme is a 100 percent Export Oriented Scheme for the development and export of computer software, including export of professional services using communication links or physical media. This scheme is unique in its nature as it focuses on one product / sector, i.e. computer software. The scheme integrates the government concept of 100 percent Export Oriented Units (EOU) and Export Processing Zones (EPZ) and the concept of Science Parks / Technology Parks, as operating elsewhere in the world.

Swarojgar Credit Card (SCC) Scheme was introduced in September 2003 for providing adequate, timely and uninterrupted credit, i.e., working capital including consumption needs and/or block capital requirements to the small artisans, handloom weavers and other self -employed persons including micro-entrepreneurs, SHGs, etc., from the banking system in a flexible, hassle free and cost effective manner.

The Programme extends partial support on a selective basis, for organizing seminar / symposia/ training programmes / workshops / conferences at national as well as international level. The support is provided to Research Institutes/ Universities/Medical and Engineering Colleges and other Academic Institutes/ Professional Bodies who organize such events for the scientific community to keep them abreast of the latest developments in their specific areas. The support is generally given for encouraging participation of young scientists and research workers in such events and publication of proceedings / abstracts for wider dissemination. The Programme also supports S&T Professional bodies.

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

This scheme seeks to establish independent, trusted third party opinion on capabilities and credit-worthiness of MSEs, and makes credit available at attractive interest rates and will ensure better productivity. Under this scheme (as per the turnover of the MSE) a percent of Rating Agency charges are reimbursed by Ministry of SSI.

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.

Business incubation has been globally recognized as an important tool for economic development and job creation. Innovation and Entrepreneurship Division of Department of Science and Technology (DST) has been supporting the technology based stratups through its flagship programme of “Technology Business Incubator”. Technology Business Incubators have been supported primarily in and around academic and technical institutions to tap potential technology ideas and innovations for venture creation by effectively utilizing expertise and existing infrastructure already available with the host institution. Technology based new enterprises are high risk and high growth ventures, and they require an enabling environment like NIDHI-Centre of Excellence (NIDHI-CoE) to enhance the prospects of their success.

Chunauti, the pandemic-influenced scheme, is a government of India initiative named CHUNAUTI'(Challenge Hunt Under NGIS for Advanced Uninhibited Technology Intervention), to invite Startups to develop solutions for problems amid pandemic. Launched in August 2020, Chunauti is a start-up challenge initiative under the Next Generation Incubation Scheme (NGIS)

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.

NSTEDB  aims to nurture Startups through incubation. TBIs are ecosystem institutions that are one stop solution for the start-up’s in their early vulnerable years. TBI’s support is invaluable in supporting and nurturing a start-up by providing access to critical resources during their most vulnerable stage in their lifecycle. TBI’s assume the role of an implementing agency for the diverse govt. schemes and programs. Apart from that, they also have the freedom of an autonomous entity to effective support startups with commercialisation and marketing assistance. 

SPRS is a developmental scheme managed by the National Small Industries Corporation (NSIC) for supporting MSE. Undoubtedly, the Indian government is the single largest purchaser of a large array of goods. The objective behind this scheme was to increase the number of purchases from the small-scale sector. By opting for this scheme, NSIC registers the eligible MSEs for participation in government purchases without any Earnest Money Deposit (EMD), which is the money taken from bidders before they place any bid, as a security deposit for ensuring their seriousness in the project.

The NIDHI-EIR programme provides tremendous opportunities for innovative entrepreneurs to expand their networks and get critical feedback on their ventures in order to promote their entrepreneurial career goals and aspirations. The opportunities under NIDHI-EIR Programme includes guidance from experienced, innovative and highly successful entrepreneurs on the business concept, strategy or venture and insight into specific industries or markets, best practices for starting a business and broaden the professional network; and co-working spaces for developing the idea into a marketable product.

The Interest Subsidy Eligibility Certificate (ISEC) Scheme is an important mechanism of funding khadi programme undertaken by khadi institutions. It was introduced to mobilise funds from banking institutions for filling the gap between the actual fund requirements and availability of funds from budgetary sources.