FUNDING SCHEMES

||Govt : Non-Govt Schemes||

All Current Govt Funding Schemes for Startups and Existing Units

India offers a plethora of government funding schemes to foster the growth of startups and existing business units. These schemes aim to provide financial support, incentives, and resources to help businesses thrive. Below is a comprehensive list of current schemes along with their key points:

1. **Startup India Seed Fund Scheme (SISFS)**

Objective: To provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization.

Key Points:

  • Total corpus of INR 945 crore.
  • Grants up to INR 50 lakh.
  • Fund allocation through incubators across India.

2. **MSME Credit Guarantee Fund Scheme**

Objective: To facilitate credit flow to the Micro, Small, and Medium Enterprises (MSME) sector by providing credit guarantee cover.

Key Points:

  • Maximum credit cap up to INR 2 crore.
  • Guarantee cover up to 85% of the loan amount.
  • Covers new and existing MSMEs.

3. **Pradhan Mantri Mudra Yojana (PMMY)**

Objective: To provide loans up to INR 10 lakh to non-corporate, non-farm small/micro enterprises.

Key Points:

  • Three categories: Shishu (up to INR 50,000), Kishor (INR 50,001 to INR 5 lakh), and Tarun (INR 5 lakh to INR 10 lakh).
  • No collateral required.
  • Flexible repayment terms.

4. **Atal Innovation Mission (AIM)**

Objective: To promote a culture of innovation and entrepreneurship.

Key Points:

  • Establishment of Atal Tinkering Labs (ATL) in schools.
  • Atal Incubation Centers (AIC) providing funding support and mentorship.
  • Mentoring networks to support startups.

5. **Stand-Up India Scheme**

Objective:To facilitate bank loans between INR 10 lakh and INR 1 crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch.

Key Points:

  • Focus on SC/ST and women entrepreneurs.
  • Loans for greenfield enterprises in manufacturing, services, or trading sectors.
  • Inclusive of working capital requirements.

6. **Credit Linked Capital Subsidy Scheme (CLCSS)**

Objective:To facilitate technology upgradation in MSMEs by providing a 15% capital subsidy.

Key Points:

  • Maximum subsidy cap of INR 15 lakh.
  • Covers 51 sub-sectors including khadi, coir, and village industries.
  • Enhances competitiveness by adopting modern technology.

7. **Prime Minister’s Employment Generation Programme (PMEGP)**

Objective:To generate self-employment opportunities through the establishment of micro-enterprises in rural as well as urban areas.

Key Points:

  • Financial assistance for projects up to INR 25 lakh in the manufacturing sector and INR 10 lakh in the service sector.
  • Margin money subsidy ranging from 15% to 35%.
  • Targeted at individuals, self-help groups, and institutions.

8. **National Small Industries Corporation (NSIC) Subsidy**

Objective:To support the growth of small-scale industries by providing various benefits.

Key Points:

  • Raw Material Assistance Scheme for procuring raw materials at competitive rates.
  • Credit Facilitation through banks.
  • Marketing support for participating in international and domestic trade fairs.

9. **Startup India Initiative**

Objective:To build a strong ecosystem conducive to the growth of startup businesses, to drive sustainable economic growth and generate large scale employment opportunities.

Key Points:

  • Tax exemption for three years.
  • Easier compliance norms.
  • Startup India Hub for single-window clearance.

10. **Digital India Initiative**

Objective:To transform India into a digitally empowered society and knowledge economy.

Key Points:

  • Funding for startups working in the digital sector.
  • Various schemes like DigiLocker, e-Sign, and e-Hospital.
  • Emphasis on improving digital infrastructure.

Conclusion:

The Indian government offers a range of funding schemes designed to support startups and existing business units. By leveraging these schemes, entrepreneurs and business owners can gain access to vital financial resources, mentorship, and market opportunities essential for their growth and success.

NOTE:  For more information on how to apply for these schemes and eligibility criteria, visit the respective official websites or contact the relevant government departments.

All Current Non-Govt Funding Schemes for Startups and Existing Units

In recent years, India has seen a surge in entrepreneurial activities, with startups and existing businesses driving innovation and economic growth. To support this momentum, various non-governmental funding schemes are available to provide the necessary financial support. Below is a comprehensive list of some key non-government funding schemes currently available in India, along with their main features:

1. **Indian Angel Network (IAN)**

Objective: IAN is one of the largest angel networks in India, offering funding, mentoring, and network support to startups across various sectors.

Key Points:

  • Investments range from $400,000 to $1 million.
  • Focus on early-stage startups.
  • Provides mentorship and strategic guidance from experienced entrepreneurs.

2. **Sequoia Capital India**

Objective: Sequoia Capital is a global venture capital firm that has been very active in India, providing growth capital to startups and established businesses.

Key Points:

  • Investments in sectors like technology, healthcare, consumer, and financial services.
  • Supports companies at various stages: seed, early, and growth.
  • Offers strategic advice and operational support.

3. **Accel Partners India**

Objective: Accel Partners is a leading venture capital firm known for its investments in early-stage and growth-stage companies.

Key Points:

  • Investments range from seed to growth stages.
  • Focus areas include technology, internet, and consumer sectors.
  • Provides strategic guidance and operational expertise.

4. **Blume Ventures**

Objective: Blume Ventures is a home-grown venture fund that supports startups with capital, mentorship, and network access.

Key Points:

  • Focus on seed and pre-series A investments.
  • Invests in tech-driven startups across various sectors.
  • Offers active support and engagement with portfolio companies.

5. **Nexus Venture Partners**

Objective: Nexus Venture Partners is a leading venture capital firm investing in early and growth-stage companies across India and the U.S.

Key Points:

  • Investments range from $500,000 to $10 million.
  • Focus on sectors like technology, enterprise, and consumer businesses.
  • Provides operational and strategic support.

6. **Kalaari Capital**

Objective: Kalaari Capital is an early-stage venture capital firm with a focus on technology-oriented startups in India.

Key Points:

  • Investments typically range from $2 million to $5 million.
  • Sectors of interest include e-commerce, mobile, healthcare, and financial services.
  • Offers mentorship and strategic advice.

7. **SAIF Partners**

Objective: SAIF Partners is a leading private equity firm that invests in early to growth-stage companies across Asia.

Key Points:

  • Invests in sectors such as consumer products, technology, healthcare, and financial services.
  • Supports companies through multiple rounds of financing.
  • Provides operational expertise and strategic guidance.

8. **Matrix Partners India**

Objective: Matrix Partners is a venture capital firm focusing on seed and early-stage investments in India.

Key Points:

  • Investments range from $500,000 to $10 million.
  • Sectors include consumer technology, B2B, fintech, and healthcare.
  • Offers strategic support and network access.

9. **IndiaQuotient**

Objective: IndiaQuotient is a venture capital firm that invests in early-stage consumer tech startups.

Key Points:

  • Focus on seed and pre-series A investments.
  • Sectors of interest include consumer technology, education, and healthcare.
  • Provides mentorship and strategic guidance.

10. **Inventus Capital Partners**

Objective: Inventus Capital Partners is an early-stage venture capital firm investing in technology-focused startups.

Key Points:

  • Investments typically range from $1 million to $5 million.
  • Focus areas include consumer internet, software, and mobile technologies.
  • Offers active support and mentorship.

Conclusion:

These non-government funding schemes offer vital support to startups and existing businesses in India, enabling them to innovate, grow, and contribute to the economy. By leveraging these resources, entrepreneurs can access not only financial capital but also valuable mentorship and strategic guidance, which are crucial for the success of their ventures.

NOTE: For more detailed information on each funding scheme and to explore further opportunities, please visit the respective websites of these venture capital firms.

All Current Non-Government Funding Schemes for Startups and Existing Units from PSU Banks

Public Sector Undertaking (PSU) banks in India offer a variety of funding schemes to support startups and existing businesses. These schemes provide crucial financial assistance, helping businesses scale and innovate. Here are some of the prominent funding schemes available from PSU banks, along with their key features:

1. **State Bank of India (SBI) - SBI Startup Assist**

Objective: SBI offers tailored funding solutions for startups to meet their capital requirements.

Key Points:

  • Provides both debt and equity funding options.
  • Focuses on technology-driven startups.
  • Includes a flexible repayment schedule and competitive interest rates.

2. **Punjab National Bank (PNB) - PNB Startup Fund**

Objective: PNB supports startups through its dedicated funding program aimed at fostering innovation and entrepreneurship.

Key Points:

  • Offers both term loans and working capital finance.
  • Emphasis on startups in sectors like technology, manufacturing, and services.
  • Provides additional benefits like mentoring and networking opportunities.

3. **Bank of Baroda (BoB) - Baroda Startup Banking**

Objective: BoB’s startup banking initiative offers comprehensive financial solutions tailored to the needs of startups.

Key Points:

  • Includes term loans, working capital, and export finance.
  • Focus on sectors such as fintech, agritech, healthtech, and more.
  • Offers mentorship and strategic guidance through partnerships with incubators and accelerators.

4. **Canara Bank - Canara MSME Startup Scheme**

Objective: Canara Bank’s MSME startup scheme aims to provide financial support to new and existing MSMEs.

Key Points:

  • Offers credit facilities for working capital and capital expenditures.
  • Focus on innovative startups in the MSME sector.
  • Competitive interest rates and flexible repayment terms.

5. **Union Bank of India - Union Startup**

Objective: Union Bank of India offers a dedicated startup funding scheme to support early-stage businesses.

Key Points:

  • Provides term loans and working capital finance.
  • Special focus on technology-driven and innovative startups.
  • Includes mentorship programs and strategic support.

6. **Bank of India (BOI) - BOI Star Startup Scheme**

Overview: BOI’s Star Startup Scheme aims to support new ventures with the necessary financial backing.

Key Points:

  • Offers both term loans and working capital finance.
  • Focus on startups in sectors like IT, manufacturing, and services.
  • Provides additional support in terms of mentoring and business advisory services.

7. **Indian Bank - IB Startup Scheme**

Overview: Indian Bank’s IB Startup Scheme provides financial assistance to startups across various sectors.

Key Points:

  • Includes term loans, working capital, and other credit facilities.
  • Focus on innovative and technology-driven startups.
  • Competitive interest rates and flexible repayment options.

8. **IDBI Bank - IDBI Startup Fund**

Overview: IDBI Bank offers a dedicated startup fund to support new and growing businesses.

Key Points:

  • Provides both equity and debt financing options.
  • Focus on sectors like technology, healthcare, and manufacturing.
  • Includes mentorship and strategic guidance through partnerships with industry experts.

9. **Central Bank of India - Cent MSME Startup Scheme**

Overview: Central Bank of India provides a dedicated funding scheme for startups in the MSME sector.

Key Points:

  • Offers term loans and working capital finance.
  • Focus on innovative and growth-oriented MSMEs.
  • Competitive interest rates and flexible repayment terms.

10. **Syndicate (Canara)Bank - Synd Startup Scheme**

Overview: Syndicate(Canara) Bank’s startup scheme aims to provide financial support to new ventures and innovative businesses.

Key Points:

  • Includes term loans, working capital, and other credit facilities.
  • Focus on technology-driven startups and MSMEs.
  • Provides additional support such as mentoring and business advisory services.

Conclusion:

These funding schemes from PSU banks are designed to provide the necessary financial support to startups and existing businesses in India. By leveraging these schemes, entrepreneurs can access not only capital but also valuable mentorship and strategic guidance, which are crucial for the success and growth of their ventures.

NOTE:For more detailed information on each funding scheme and to explore further opportunities, please visit the respective websites of these PSU banks.

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