(a) the details and the total number of startups that received funding from the Startup India Seed Fund Scheme, startup-wise;
(b) the number of startups enrolled during the last three years; and
(c) whether there is any scheme to promote startups in the country other than funding and if so, the details thereof?
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THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY
(SHRI SOM PARKASH)
(a): Startup India Seed Fund Scheme (SISFS) was notified vide Gazette notification S.O. 414(E) dated 21st January 2021. Under the SISFS, Rs. 945 crore has been sanctioned for period of 4 years starting from 2021-22. The Call for Applications for startups was launched on 19th July 2021 through online portal. As on 30th June 2022, 428 startups have been selected by approved incubators for funding under the Scheme. Funds to the selected startups are being disbursed in milestone-based installments. These milestones are related to development of prototype, product testing, market launch, etc.
As on 30th June 2022, a total of Rs. 75.875 crore has been approved to 428 startups, out of which, 125 startups have received Rs. 14.226 crore under the scheme. Startup-wise amount of funds disbursed under the scheme is at Annexure-I.
(b): Under the Startup India initiative, entities are recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) as startups as per eligibility conditions prescribed under G.S.R. notification 127 (E) dated 19th February, 2019. In the last three years (2019 to 2021), 46,173 entities were recognized as startups.
(c): Startup India is a flagship initiative of Government of India which was launched on 16th January 2016. It aims at building a strong ecosystem for nurturing innovation and startups in the country. Under Startup India initiative, the Government has undertaken various programs to promote startups, which are at Annexure-II.
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