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Agencies like DIC, SSI, NIESBUD, NEDFi, and EDI work at district, state, and central levels to promote entrepreneurship.
2
SAMRIDH Scheme (Startup Accelerators of MeitY for Product Innovation, Development and Growth): Launched on August 25, 2021, by Ashwini Vaishnaw to provide funding support and skill training for IT and electronics startups.
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Startup India Seed Fund: Launched on January 16, 2021, by PM Narendra Modi with a corpus of 1000 crore rupees to support aspiring entrepreneurs and ideas during the early stages.
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Startup India Initiative: Launched on January 16, 2016, to increase wealth and employability by offering tax benefits, leading to over 50,000 recognized startups by June 2021.
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ASPIRE Scheme (A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship): Launched in 2015 by the Ministry of MSME to promote agro-business, reduce poverty, and encourage rural employment.
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CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises): Operational since January 1, 2000, offering collateral-free loans up to INR 100 lakhs at subsidized interest rates in partnership with SIDBI.
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Stand Up India Scheme: Focuses on financing SC, ST, and women entrepreneurs by providing bank loans ranging from 10 lakhs to 1 crore rupees for greenfield enterprises in manufacturing, services, or trading sectors.