Government Schemes Lending Hands

The Indian startup ecosystem is going to be bullish in 2024! The spirit- powered entrepreneurs & passionate startups’ founders are running tirelessly to bring visual scenes of their ideas, what they dreamt for so long. However the initial stage can be daunting while navigating the uncommon hurdles. In that case, to nurture the startups in crossing this journey, Government of India is backing the startups & it’s founders like infants with a treasure of schemes.

The major advanced schemes for startups 2024 that you should never miss out are,

SISFS-Startup India Seed Fund Scheme: A rescue scheme that offers upto Rs.10 crore as a financial assistance via incubators.

CGSS-Credit Guarantee Scheme for Startups: Sanctions financial loans for Startups from registered banks up to Rs. 5 crore.

Ebiz Portal: A single-window platform that aids entrepreneurs struggling to get approvals & registrations for their startups by simplifying the process & streamlining the operations.

SIPPS–Startup Intellectual Property Protection Scheme: SIPPS refunds the documenting fee for trademarks, patents & copyrights of registered Startups upto 50 percent.

MAPS–Market Access Promotion Scheme: MAPS presents a monetary assistance for startups with international ambitions to display their products & services in global flairs, exhibitions & conferences for global debuts.

“The Indian startup ecosystem is maturing like fine wine. Its multiple stakeholders (founders, investors & facilitators), regulators and the Government’s policy push for startups is in an iterative mode”. – Shahan Sud, Senior Investment Manager, JAFCO Asia.

Wrapping here, reflecting on the most advanced must-to-know facts that shaping the startup ecosystem in 2024, it is clearly proven that startups in India are not just staying in the ground to earn profits, but leading the way to charge a better future. With all the advancements made due to the seamless internet penetration, government support & digitization, the booming Indian startups emphasizing a notable tech-driven innovations across the top performing sectors such as retail, EV, fintech, logistics, agritech, transportation, foodtech, hospitality, Edtech & so on. Overall the startup ecosystem projected to continue its unwrapped revolution followed by steadfast evolution to amplify the country as an essential aspect of leadership among global startups.