The Government of India launched various schemes for Startups in India for 2024. To help the citizens of India who want to start their own business the Government of India launched various schemes for startups in India for 2024. These schemes will help small businesses to commence their business without worrying about financial troubles. These schemes will encourage the citizens of India to start their businesses. All the citizens of India who want to avail the benefits of these schemes must fill out the application form on the official website. The selected applicants will get financial assistance from the Government of India to start their own businesses.
Government Schemes for Startups in India
To increase the number of small businesses in India the Government of India announced various Government Schemes for Startups in India. These schemes will provide financial assistance to the selected applicants so that they can commence their business. These schemes will provide financial assistance to encourage small business owners to continue their businesses. By investing in local businesses the government will encourage the citizens of India which will impact the GDP of India significantly. These schemes will increase the standard of living in India by providing financial assistance. The applicants must fill out the application form on the official website to avail the benefits of this scheme.
The objective of Government Schemes for Startups
The main objective of launching the Government Schemes for Startups is to encourage the citizens of India to start their own businesses. With the help of small businesses the Government of India will create employment opportunities for the skilled or Semi-skilled workers in the country. The selected applicants under the government schemes for startups will get financial assistance from the State government or the Central Government of India. The financial assistance will be transferred directly to the selected applicant’s bank account. The small business will also increase the GDP of India significantly. The applicants must fill out the application form to avail the benefits of this scheme.
Key Highlights of Government Schemes for Startups in India
| Name of the scheme | Government Schemes for Startups in India |
| Launched by | Government of India |
| Objective | Provide Financial assistance |
| Beneficiaries | Citizens of India |
| Official website |
List of Government Schemes for Startups in India
- Credit Guarantee Scheme For Startups
- Startup India Seed Fund Scheme
- Startup Telangana
- Startup Chhattisgarh Scheme
- Bihar Startup Policy
- MeitY SAMRIDH Scheme
- Bihar Small Entrepreneur Scheme
- Stand Up India Scheme
- Dairy Entrepreneurship Development Scheme
- Atal Innovation Mission
Credit Guarantee Scheme For Startups
The Government of India announced the launch of a Credit Guarantee Scheme For Startups for all the startups in India. The Credit Guarantee Scheme for Startups will offer 75% credit up to rupees 150 lakh to the beneficiaries. Every qualified case will get up to Rs. 5 crores in credit guarantees, including cash flow, venture capital, potentially convertible bonds, long-term debt, etc. Up to 85% of microbusinesses’ loan requests under Rs. 5 lakh would be granted. With the help of this scheme, small business owners can get alone to commence their business. The applicants can fill out the application form to avail the benefits of this scheme.
Startup India Seed Fund Scheme
To help the new startups in India grow significantly the Government of India along with the private sector launched the Startup India Seed Fund Scheme. Under the initiative of the Startup India seed fund scheme, the government is going to provide funding from Angel investors and venture capital firms to start up only after the proof of concept. Due to less capital many small businesses in India collapsed at the very start to reduce this the Government of India launched the Startup India seed fund scheme. All the applicants who want to avail the benefits of this scheme must fill out the application form on the official website.
Startup Telangana
To help the startup of small businesses in Telangana state the Telangana state government launched the Startup Telangana. All the small business owners who are unable to continue their business due to lack of funds the Government of Telangana state started the startup Telangana scheme. With the help of this scheme, the small business in Telangana state will able to grow significantly with the help of sufficient funds. The state has created this model to help people get proper information related to the guidelines that they can follow to establish their businesses in the Telangana state.
Startup Chhattisgarh Scheme
The Government of Chhattisgarh state launched the startup Chhattisgarh scheme to help all the startups in the state. Through the Startup Chhattisgarh Scheme, the state’s residents will experience an uptick in entrepreneurship and will be inspired to continue working hard. The Startup Chhattisgarh Yojana’s main aim of the Startup Chhattisgarh Scheme is to encourage industry in the state of Chhattisgarh and to instill a greater sense of work ethic among its residents. By providing financial assistance the government can help the small business to grow significantly. The applicants can fill out the application form on the official website to avail the benefits of the scheme.
Bihar Startup Policy
To help small businesses grow in the Bihar state the Bihar State Government launched the Bihar Startup Policy Scheme. All the citizens who want to start their own business but our short on funds can avail the benefits of the Bihar startup policy scheme. Through the development of this Bihar Startup Policy, people will be able to continue their businesses without having to worry about the funding that they require to start their businesses. Only the permanent residents of Bihar state are eligible to avail of the benefits of the Bihar Startup Policy
MeitY SAMRIDH Scheme
The Government of India launched the MeitY SAMRIDH Scheme to help the startups of India. The main objective of the MeitY SAMRIDH Scheme is to provide proper opportunities to these startups that are very good in their product pitching and other aspects of the business. All the startups who are short on funds and capital are eligible to apply for the MeitY SAMRIDH Scheme. All the applications you want to apply for this MeitY SAMRIDH Scheme must fill outer application form on the official website to avail of the benefits. The application form is easily available on the official website.
Bihar Small Entrepreneur Scheme
To help the small entrepreneurs in the Bihar state the Bihar State Government launched the Bihar Small Entrepreneur Scheme. All the permanent residents of Bihar State who want to start their own business in Bihar state are eligible to apply for the Bihar Small Entrepreneur Scheme. The selected applicants under this Bihar Small Entrepreneur Scheme will get financial assistance of INR 2 lakh from the Bihar state government. With the help of the financial assistance, the citizens can start their own business and become independent. Only the permanent residents of Bihar State who are earning INR 6000 per month are eligible to avail the benefits of the scheme.
Stand Up India Scheme
The Ministry of Finance and the Department of Financial Services of India launched the Startup India scheme. This scheme will provide financial assistance and loans to the selected applicants to want to start their own business in India. All the small startups that are short on funds and capital are eligible to apply for the Startup India scheme. All the applicants who belong to the SC, ST, or OBC category are eligible to apply for the Startup India scheme. Widow women are also eligible to apply for the Startup India scheme. This scheme will encourage small business owners to start their businesses without worrying about financial trouble.
Dairy Entrepreneurship Development Scheme
The Department of Animal Husbandry, Fisheries, and Dairying launched the dairy entrepreneurship development scheme. All the citizens of India who are involved in Dairy Sector startups are eligible to avail the benefits of the dairy entrepreneurship development scheme. The Dairy Entrepreneurship Development Scheme offers back-end capital for bankable projects for 25 percent of total project cost for general category candidates and 33.33 percent for farms that belong to the SC/ST category. With the help of this scheme, small entrepreneurs can get capital funds to continue the smooth flow of their business. The applicants must fill out the application form on the official website.
Atal Innovation Mission
The Atal Innovation Mission was launched by the government of India in 2016 to help small business startups in India. The Atal Innovation Mission (AIM) grants approximately Rs 10 crores to finance firms over five years. This scheme can be utilized by all emerging organizations in health, agriculture, education, transportation, etc. With the help of the Atal innovation mission, small entrepreneurs in India can get capital funds to continue the smooth flow of their organization. The applicants can fill out the application form on the official website to avail the benefits of this scheme.
Benefits of Government Schemes for Startups
- The selected applicants under the government schemes for startups will get financial assistance from the Government of India.
- The financial assistance will be transferred directly to the selected applicant’s bank account.
- The applicants can grow their business with the help of the funds given by the government of India.
- These schemes can increase the standard of living of the people in India.
- These schemes provide employment opportunities to semis-skilled workers in India.
How to Get Government Schemes for Startups Benefits?
- To Get Government Schemes for Startups in India the applicant can go to the official website.
- On the home page on the option apply online.
- A new page will appear on your screen.
- Fill out all the details that are asked and attach all the necessary documents.
- Click on the option Submit to complete your process
FAQs
All the small business owners in India are eligible to apply for the government schemes for startups in India 2024.
The selected applicants under the Government Schemes for Startups in India for 2024 will get financial assistance from the authorities.
What is the financial assistance to be given under the Bihar Small Entrepreneur Scheme?