START-UP Schemes –

The Indian government has implemented several schemes and initiatives to support startups and foster entrepreneurship in the country. Here are some of the key schemes and programs available for starting a new business in India:

1. Startup India: Launched in 2016, the Startup India initiative aims to promote and support startups through various means, including funding, tax benefits, and mentorship. It offers benefits such as self-certification compliance, a dedicated startup portal, and a single-point contact for interactions with the government.
2. Atal Innovation Mission (AIM): AIM is an initiative under the NITI Aayog (National Institution for Transforming India) that promotes innovation and entrepreneurship among students, researchers, and entrepreneurs. It includes programs like Atal Incubation Centers (AICs), Atal Tinkering Labs (ATLs), and Atal New India Challenges (ANIC) to nurture and support startups.
3. Pradhan Mantri Mudra Yojana (PMMY): This scheme aims to provide financial assistance to micro and small enterprises by offering loans through various lending institutions. PMMY categorizes loans into three categories: Shishu (up to ₹50,000), Kishore (₹50,000 to ₹5 lakhs), and Tarun (₹5 lakhs to ₹10 lakhs).
4. Stand-Up India: Launched in 2016, Stand-Up India encourages entrepreneurship among women and marginalized communities by providing loans between ₹10 lakhs and ₹1 crore for starting greenfield enterprises in manufacturing, services, or trading sectors.
5. Make in India: This initiative was launched to promote India as a global manufacturing hub. While not exclusively focused on startups, it provides various incentives and initiatives to facilitate investment and business establishment in India, making it relevant for entrepreneurs looking to set up manufacturing units.
6. National Small Industries Corporation (NSIC) Single Point Registration Scheme (SPRS): The SPRS is designed to simplify the procurement process for micro and small enterprises. It enables registered enterprises to participate in government tenders and procurements with relaxed criteria and exemptions.
7. Electronic Development Fund (EDF): EDF is a fund managed by the Ministry of Electronics and Information Technology (MeitY) to support early-stage startups and ventures involved in developing innovative electronics products. It provides financial assistance through venture capital funds and incubators.

These are just a few examples of the many schemes and programs available for entrepreneurs and startups in India. It’s important to note that each scheme has specific eligibility criteria and application processes, so it’s advisable to visit the respective government websites or contact relevant authorities for detailed information and guidance.