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SISFS approves Rs. 227. 12 crore Funding for 1, 278 Women-Led Startups

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Since its inception in April 2021, the Startup India Seed Fund Scheme (SISFS) has approved Rs. 227.12 crore for 1,278 women-led start-ups, as per the government’s pre-budget Economic Survey released on January 31.

The survey also revealed that over Rs. 3,000 crore has been invested in 149 women-led start-ups through alternative investment funds (AIFs), highlighting the government’s strong push towards fostering women entrepreneurship.

In addition to SISFS, the government has launched the Credit Guarantee Scheme for Startups (CGSS), offering loan guarantees for DPIIT-recognised start-ups. This includes funding from banks, non-banking financial companies (NBFCs), and SEBI-registered venture debt funds. As part of the CGSS, Rs. 24.6 crore in loans has been guaranteed to support women-led ventures, enabling them to access crucial funding.

By October 31, 2024, the Startup India Initiative had recognized 73,151 start-ups with at least one woman director, accounting for nearly half of the 1,52,139 start-ups supported by the government.

Furthermore, the Fund of Funds for Startups (FFS) scheme, which has been operational since January 2016, dedicates 10% of its funds exclusively for women entrepreneurs. The FFS has invested over Rs. 11,000 crore across 144 venture capital and venture debt firms, benefiting companies such as Stellaris Venture Partners, Sorin Investments, and Fireside Ventures.

These initiatives aim to empower women entrepreneurs by offering them financial backing, training, and mentorship. The government's efforts are designed to create a conducive environment for women to start and scale their businesses, promoting gender equity in the startup ecosystem.