Startup India Seed Fund Scheme
The scheme envisages providing financial assistance to startups in the form of equity funding The fund will be managed by a professional management company The scheme will have a corpus of Rs 2,000 crore and will be implemented in two phases In the first phase the Fund will invest in about 100 startups.
The government of India has announced the Startup India Seed Fund Scheme to support innovative startups The scheme will provide financial assistance of up to Rs 10 crore to each startup The scheme will be implemented by the Small Industries Development Bank of India (SIDBI) and will benefit startups in the technology manufacturing agriculture and food processing sectors.
About the SISF Scheme.
The Startup India seed fund scheme is a government initiative that provides funding to early-stage startups in India The scheme is administered by the Department of Industrial Policy and Promotion (DIPP) and it is open to both Indian and foreign startups.
The Startup India seed fund scheme is a government-led initiative to provide funding to startups in India The scheme is administered by the Department of Industrial Policy and Promotion (DIPP) and it offers funding in the form of equity debt and grants The scheme is open to all Indian citizens and it is available to startups that are registered with the Startup India portal The minimum amount that can be applied for is Rs 10 lakh and the maximum amount that can be applied for is Rs 2 crore Startups that are awarded funding through the Startup India seed fund scheme will be required to comply with the terms and conditions set by DIPP.
1. Introduction: Startup India Seed Fund Scheme
The Startup India Seed Fund Scheme is an initiative launched
by the Government of India under the flagship Startup India program. It aims to
provide early-stage funding to startups and support them during their critical
early years. The scheme encourages entrepreneurs to develop innovative products
or services, fosters a culture of entrepreneurship, and contributes to job
creation and economic growth. By addressing the financial challenges faced by
startups, the scheme creates an enabling environment for budding entrepreneurs
to bring their ideas to life.
2. The Importance of Startup India Seed Fund Scheme in
Today's World
In today's dynamic and competitive business landscape,
startups play a vital role in driving economic growth and fostering innovation.
The Startup India Seed Fund Scheme holds immense significance in this context,
as it provides a solid foundation for aspiring entrepreneurs to kickstart their
ventures. The scheme not only offers financial support but also serves as a
catalyst for innovation, job creation, and technological advancements. By
encouraging and empowering startups, the scheme contributes to the overall
development and progress of the nation.
3. Exploring Different Types of Startup India Seed Fund
Scheme
The Startup India Seed Fund Scheme encompasses various types
of funding and support mechanisms tailored to meet the diverse needs of
startups. These include:
i. Equity-based Funding
Equity-based funding involves providing funds to startups in
exchange for a share in their ownership or equity. Under this type of funding,
investors become stakeholders in the startup and share the risks and rewards
associated with its success or failure.
ii. Grants and Subsidies
The scheme also offers grants and subsidies to startups,
enabling them to cover essential expenses such as research and development,
prototyping, product testing, and market exploration. These grants and
subsidies act as a financial cushion for startups in their early stages,
allowing them to focus on innovation and growth.
iii. Incubation Support
Incubators play a crucial role in nurturing startups and
helping them develop their ideas into viable businesses. The Startup India Seed
Fund Scheme provides incubation support, which includes mentorship,
infrastructure, networking opportunities, and access to expert guidance.
Incubators serve as a valuable resource for startups, offering the necessary
support system and ecosystem for their growth and success.
iv. Seed Capital Assistance
Startups often face challenges in obtaining seed capital to convert their ideas into market-ready products or services. The Startup India Seed Fund Scheme addresses this issue by providing seed capital assistance to startups. This financial support serves as the initial investment required to build the foundation of a startup and attract further funding.
4. Benefits of Pursuing Startup India Seed Fund Scheme
The Startup India Seed Fund Scheme offers numerous benefits
to entrepreneurs, startups, and the overall ecosystem. Some of the key benefits
include:
i. Financial Support and Stability
Startups often struggle to secure the necessary funding to
turn their ideas into reality. The scheme provides financial support, offering
stability to startups during their early stages. This financial backing allows
entrepreneurs to focus on developing their products or services without the
constant worry of financial constraints.
ii. Mentorship and Guidance
Under the Startup India Seed Fund Scheme, startups gain
access to experienced mentors and industry experts who provide invaluable
guidance and support. This mentorship helps entrepreneurs navigate the
complexities of the business world, make informed decisions, and avoid common
pitfalls. The insights and knowledge shared by mentors contribute significantly
to the growth and success of startups.
iii. Networking and Collaboration Opportunities
Networking plays a crucial role in the success of startups.
The scheme facilitates networking and collaboration among entrepreneurs,
investors, industry professionals, and mentors. These connections create
opportunities for partnerships, collaborations, and business expansion,
enabling startups to gain visibility, access new markets, and attract potential
investors.
iv. Exposure to a Vibrant Ecosystem
Startups benefit from being part of a vibrant ecosystem that
fosters innovation, creativity, and entrepreneurship. The Startup India Seed
Fund Scheme connects startups with various stakeholders, including other
startups, investors, government bodies, and research institutions. This
exposure to a diverse ecosystem broadens the horizons for startups, exposes them
to new ideas and perspectives, and facilitates knowledge exchange.
v. Recognition and Credibility
Startups associated with the Startup India Seed Fund Scheme
gain recognition and credibility in the market. The scheme acts as a seal of
approval, signaling to potential investors, customers, and partners that the
startup has undergone a rigorous selection process and meets specific quality
standards. This recognition enhances the startup's reputation and increases its
chances of success in a competitive business environment.
5. How Startup India Seed Fund Scheme Enhances
Professional Development
The Startup India Seed Fund Scheme not only supports
startups financially but also plays a crucial role in enhancing professional
development. Here's how the scheme contributes to the growth and skill
development of entrepreneurs:
i. Skill-building Workshops and Training Programs
The scheme organizes skill-building workshops and training
programs focused on various aspects of entrepreneurship. These programs cover
topics such as business planning, market research, financial management,
marketing strategies, and leadership development. By equipping entrepreneurs
with essential skills and knowledge, the scheme empowers them to make informed
decisions and effectively manage their startups.
ii. Access to Industry Experts and Mentors
Through the Startup India Seed Fund Scheme, entrepreneurs
gain access to industry experts and mentors who possess extensive experience in
their respective fields. These experts provide valuable insights, guidance, and
mentorship to entrepreneurs, helping them refine their skills, expand their knowledge,and
overcome challenges. The interactions with industry experts not only enhance
their professional development but also broaden their perspectives and expose
them to new ideas and opportunities.
iii. Exposure to Real-world Business Environment
The Startup India Seed Fund Scheme provides entrepreneurs with the opportunity to immerse themselves in the real-world business environment. By being part of the scheme, entrepreneurs get hands-on experience in managing their startups, dealing with market dynamics, and adapting to evolving industry trends. This exposure helps them develop a practical understanding of the challenges and intricacies of running a business, fostering their professional growth.
iv. Access to Resources and Infrastructure
Startups associated with the Startup India Seed Fund Scheme
gain access to various resources and infrastructure necessary for their
professional development. These resources may include co-working spaces,
research facilities, technological tools, and financial management platforms.
By providing startups with the required infrastructure, the scheme enables
entrepreneurs to focus on their core business activities and accelerates their
professional growth.
6. The Role of Startup India Seed Fund Scheme in Career
Advancement
The Startup India Seed Fund Scheme not only supports
entrepreneurs in launching their ventures but also plays a significant role in
career advancement. Here's how the scheme contributes to career growth:
i. Entrepreneurship as a Career Path
The scheme promotes entrepreneurship as a viable and
rewarding career path. By providing financial assistance, mentoring, and
resources, it encourages individuals to pursue their entrepreneurial
aspirations. The scheme nurtures a culture of entrepreneurship, empowering
individuals to build their own businesses and create employment opportunities.
For those seeking a non-traditional career path, the Startup India Seed Fund
Scheme opens doors to a world of possibilities.
ii. Skill Development and Learning Opportunities
Startups associated with the scheme offer ample
opportunities for skill development and learning. Aspiring entrepreneurs
working in these startups can acquire diverse skills and experiences, including
project management, marketing, product development, finance, and leadership.
This multidimensional learning environment enhances their career prospects,
making them well-rounded professionals capable of thriving in dynamic work
settings.
iii. Networking and Collaboration
The Startup India Seed Fund Scheme facilitates networking
and collaboration among entrepreneurs, investors, and industry professionals.
This networking provides individuals with opportunities to build connections,
gain exposure to new ideas and perspectives, and explore potential career avenues.
The scheme's ecosystem fosters collaboration, enabling individuals to form
partnerships, work on innovative projects, and expand their professional
network.
iv. Exposure to Entrepreneurial Mindset
Being part of the Startup India Seed Fund Scheme exposes
individuals to an entrepreneurial mindset and culture. This mindset encourages
creative thinking, problem-solving, resilience, and adaptability—qualities
highly valued in today's rapidly changing job market. Even if individuals
choose not to pursue entrepreneurship directly, they can apply the
entrepreneurial mindset and skills acquired through the scheme to excel in
their chosen careers.
7. Choosing the Right Education Course for Your Goals
When it comes to pursuing education in entrepreneurship,
choosing the right course is crucial. Here are some factors to consider when
selecting an education course aligned with your goals:
i. Relevance and Curriculum
Evaluate the curriculum of the education course and ensure
it covers essential topics related to entrepreneurship. Look for courses that
offer a comprehensive understanding of startup management, business planning,
marketing strategies, financial management, and leadership skills. A relevant curriculum
ensures you acquire the knowledge and skills necessary to navigate the
entrepreneurial landscape effectively.
ii. Practical Learning Opportunities
Hands-on learning experiences are vital in entrepreneurship
education. Look for courses that offer practical opportunities such as
internships, case studies, simulations, and real-world projects. These
practical experiences allow you to apply your theoretical knowledge, develop
problem-solving abilities, and gain insights into the challenges faced by entrepreneurs.
iii. Industry Connections and Mentorship
Consider courses that provide access to industry connections
and mentorship programs. Learning from experienced entrepreneurs, industry
experts, and mentors can significantly enhance your entrepreneurial journey.
These connections offer guidance, provide networking opportunities, and expose
you to the realities of the business world.
iv. Alumni Network and Success Stories
Research the reputation of the education course and the success stories of its alumni. A strong alumni network indicates the course's effectiveness in fostering entrepreneurship and supporting graduates in their career paths. Look for testimonials and success stories of course graduates to gauge the impact of the program on their professional growth.
Read on: Pradhan Mantri Annadata Aay SanraksHan Abhiyan
8. Online vs. Traditional Startup India Seed Fund Scheme:
Pros and Cons
In today's digital age, aspiring entrepreneurs have the
option to pursue startup education through online or traditional modes. Let's
explore the pros and cons of each:
Online Startup India Seed Fund Scheme
Pros:
Cons:
Traditional Startup India Seed Fund Scheme
Pros:
Cons:
When deciding between online and traditional startup
education, consider your learning preferences, lifestyle, and goals. Both modes
have their merits, and the choice depends on what aligns best with your needs
and circumstances.
9. The Future of Startup India Seed Fund Scheme: Trends
and Innovations
The Startup India Seed Fund Scheme is continuously evolving
to adapt to the changing landscape of entrepreneurship. Here are some trends
and innovations shaping the future of the scheme:
i. Technological Integration
As technology continues to advance, the Startup India Seed
Fund Scheme is embracing innovative tools and platforms to enhance its effectiveness.
This includes the integration of artificial intelligence, data analytics, and
virtual collaboration platforms to facilitate better mentorship, streamline
funding processes, and provide personalized support to startups.
ii. Focus on Sustainability and Social Impact
The future of entrepreneurship is increasingly centered
around sustainability and social impact. The Startup India Seed Fund Scheme is
expected to encourage startups that address pressing societal and environmental
challenges. This shift towards sustainable entrepreneurship aligns with global
trends and promotes responsible business practices.
iii. Collaboration with Global EcosystemsThe Startup
India Seed Fund Scheme recognizes the importance of collaboration with global
ecosystems. By fostering international partnerships, the scheme enables
startups to access global markets, learn from global best practices, and
establish connections with international investors and mentors. This
collaboration enhances the growth and global competitiveness of Indian
startups.
iv. Emphasis on Diversity and Inclusion
Diversity and inclusion are gaining prominence in the startup ecosystem. The future of the Startup India Seed Fund Scheme is likely to emphasize inclusivity by supporting underrepresented groups, including women entrepreneurs, individuals from marginalized communities, and startups with a social mission. This focus on diversity aims to create a more equitable and inclusive entrepreneurial landscape.
10. The Impact of Startup India Seed Fund Scheme on
Student Success
The Startup India Seed Fund Scheme has a profound impact on
student success by fostering an entrepreneurial mindset and providing
opportunities for practical learning. Here's how the scheme contributes to
student success:
i. Encouraging Entrepreneurial Thinking
The scheme encourages students to think innovatively, take
risks, and develop an entrepreneurial mindset. By promoting entrepreneurship as
a viable career option, it inspires students to explore their creative
potential and pursue their entrepreneurial aspirations.
ii. Practical Learning Experiences
Through the Startup India Seed Fund Scheme, students gain
practical learning experiences that complement their academic knowledge. They
have the opportunity to work on real-world projects, collaborate with mentors
and industry experts, and apply their theoretical understanding in a practical
setting. These experiences enhance their skill set, boost their confidence, and
prepare them for future entrepreneurial endeavors.
iii. Networking and Mentorship
The scheme provides students with networking opportunities,
connecting them with fellow students, successful entrepreneurs, investors, and
mentors. These connections play a crucial role in their professional
development, opening doors to mentorship, internships, partnerships, and job
opportunities. The guidance and support received through networking contribute
significantly to their success.
iv. Access to Funding and Resources
Students associated with the Startup India Seed Fund Scheme
gain access to funding opportunities and resources necessary for their
entrepreneurial journey. The financial assistance provided by the scheme allows
students to focus on their startup ideas without financial constraints.
Additionally, access to resources such as incubation centers, research
facilities, and technological tools accelerates their progress and increases
their chances of success.
11. Addressing the Challenges of Startup India Seed Fund
Scheme and Finding Solutions
While the Startup India Seed Fund Scheme presents numerous
opportunities, it also comes with its own set of challenges. Here are some
common challenges and potential solutions:
i. Lack of Awareness and Information
One of the primary challenges is the lack of awareness and
information about the scheme among potential beneficiaries. To address this,
the government can adopt comprehensive communication strategies, including
targeted marketing campaigns, workshops, and collaborations with educational
institutions and entrepreneurship cells. These initiatives can create awareness
and disseminate accurate information about the scheme.
ii. Access to Mentors and Experts
Startups often require guidance and mentorship from
experienced entrepreneurs and industry experts. To bridge this gap, the scheme
can establish mentorship programs, connect startups with suitable mentors, and
organize networking events where startups can interact with experts. This would
ensure that startups have access to the necessary guidance and support for
their growth.
iii. Streamlining the Funding Process
The funding process can sometimes be cumbersome and
time-consuming for startups. To streamline the process, the scheme can
introduce simplified application procedures, clear evaluation criteria, and
faster disbursal of funds. Additionally, providing startups with dedicated
support in preparing funding proposals and financial documents would help
expedite the funding process.
iv. Monitoring and Evaluation
Monitoring and evaluating the progress and impact of startups is crucial for the scheme's effectiveness. Implementing a robust monitoring and evaluation framework would enable the scheme administrators to assess the growth and success of startups, identify areas of improvement, and make data-driven decisions. Regular interactions, feedback mechanisms, and periodic assessments can ensure effective monitoring and evaluation.
12. Understanding the Pedagogy and Methodology of Startup
India Seed Fund Scheme
The Startup India Seed Fund Scheme follows a comprehensive
pedagogy and methodology to support startups effectively. Here's an overview of
the pedagogy and methodology employed:
i. Needs Assessment and Selection
The scheme begins with a needs assessment process to
identify the requirements of startups. This includes evaluating their business
plans, growth potential, market feasibility, and social impact. Based on these
assessments, startups are selected for funding and support.
ii. Capacity Building and Skill Development
Startups receive capacity building and skill development
opportunities through workshops, training programs, and mentorship. These
initiatives enhance their knowledge in various areas such as business planning,
financial management, marketing strategies, and leadership skills. The pedagogy
emphasizes experiential learning, encouraging startups to apply their learnings
in real-world situations.
iii. Incubation and Support
Startups are provided with incubation support, which
includes access to co-working spaces, infrastructure, networking opportunities,
and mentorship. Incubation programs create a nurturing environment for startups
to grow and thrive. The scheme ensures that startups have access to the
necessary resources and support throughout their entrepreneurial journey.
iv. Monitoring and Evaluation
The Startup India Seed Fund Scheme employs a robust
monitoring and evaluation mechanism to track the progress and impact of
startups. This involves regular interactions, progress reports, and assessments
to measure the growth, success, and sustainability of startups. Monitoring and
evaluation help identify areas of improvement and provide startups with the
necessary guidance for continuous development.
13. The Global Perspective: Startup India Seed Fund
Scheme Around the World
The Startup India Seed Fund Scheme has garnered
international attention and recognition for its efforts in fostering
entrepreneurship. Many countries have implemented similar initiatives inspired
by the scheme. Here are some examples of startup seed fund schemes around the
world:
i. Silicon Valley Innovation Fund (SVIF) - United States
The Silicon Valley Innovation Fund, based in the United
States, aims to support early-stage startups by providing seed funding,
mentorship, and networking opportunities. It focuses on technology-driven
ventures and encourages innovative ideas to thrive in the competitive startup
ecosystem of Silicon Valley.
ii. Start-Up Chile - Chile
Start-Up Chile is a flagship program of the Chilean
government that attracts early-stage, high-potential startups from around the
world. It provides startups with equity-free funding, mentorship, workspace,
and access to a vibrant entrepreneurial ecosystem. The program aims to position
Chile as the entrepreneurial hub of Latin America.
iii. Techstars - Global Network
Techstars is a renowned global network that operates startup
accelerator programs across various cities worldwide. It offers seed funding,
mentorship, and a network of industry experts to help startups accelerate their
growth. Techstars focuses on fostering innovation, collaboration, and market
expansion for startups.
These examples illustrate the global recognition of the
importance of supporting startups and nurturing entrepreneurship. The Startup
India Seed Fund Scheme aligns with these global initiatives, contributing to
the growth of the Indian startup ecosystem and positioning India as a hub for
innovation and entrepreneurship.
14. Startup India Seed Fund Scheme for Lifelong Learning
and Personal Growth
The Startup India Seed Fund Scheme extends beyond financial
support and entrepreneurship. It also offers opportunities for lifelong
learning and personal growth. Here's how the scheme contributes to these
aspects:
i. Continuous Skill Development
Startups associated with the scheme constantly learn and develop
new skills as they navigate the entrepreneurial journey. They encounter
challenges, seek solutions, and acquire knowledge in various domains, including
business management, marketing, finance, and leadership. This continuous skill
development not only enhances their entrepreneurial capabilities but also
contributes to their personal growth.
ii. Learning from Failure and Resilience
Failure is an inevitable part of entrepreneurship, and the
Startup India Seed Fund Scheme recognizes the importance of learning from
failures. Startups learn to overcome setbacks, adapt to changing circumstances,
and develop resilience in the face of challenges. This process of learning from
failure fosters personal growth, builds character, and equips entrepreneurs
with the tenacity needed to succeed in their future endeavors.
iii. Personal Transformation
Entrepreneurship is a transformative journey that requires
individuals to step out of their comfort zones, take risks, and embrace
personal growth. Through the Startup India Seed Fund Scheme, entrepreneurs
experience personal transformation as they develop new perspectives, acquire
leadership qualities, and enhance their problem-solving abilities. The scheme
acts as a catalyst for personal growth, empowering individuals to unlock their
full potential.
iv. Networking and Collaboration
The scheme provides ample networking and collaboration
opportunities, which contribute to personal growth. By connecting with fellow
entrepreneurs, mentors, and industry professionals, individuals expand their
horizons, gain exposure to diverse perspectives, and develop valuable
relationships. These connections nurture personal growth by fostering learning,
inspiration, and mutual support.
15. Funding and Scholarships for Startup India Seed Fund
Scheme
The Startup India Seed Fund Scheme offers various funding
opportunities and scholarships to support startups. Here are some avenues for
funding and scholarships:
i. Seed Funding Grants
Startups selected under the scheme receive seed funding
grants to support their initial stages of development. These grants act as a
financial catalyst, enabling startups to build their products or services,
conduct market research, and establish their ventures.
ii. Innovation Challenges
The scheme may organize innovation challenges, inviting
startups to submit innovative ideas or solutions for specific sectors or
societal problems. Startups with the most promising ideas are awarded funding
and support to further develop and implement their innovations.
iii. Scholarships for Entrepreneurial Education
The scheme recognizes the importance of entrepreneurial
education and may provide scholarships to aspiring entrepreneurs. These
scholarships cover the tuition fees or a portion of the expenses for
entrepreneurship courses or programs. The scholarships aim to remove financial
barriers and promote access to quality entrepreneurial education.
iv. Collaborative Funding Programs
The Startup India Seed Fund Scheme collaborates with various
organizations, including angel investor networks, venture capital firms, and
corporate partners, to facilitate funding for startups. These collaborations
create additional funding opportunities for startups, allowing them to access
diverse sources of capital and support.
The availability of funding and scholarships under the Startup India Seed Fund Scheme ensures that startups have the financial resources needed to kickstart their entrepreneurial journey and pursue their innovative ideas.
16. Case Studies: Success Stories from Education Course
Graduates
The Startup India Seed Fund Scheme has witnessed numerous
success stories from education course graduates who have benefitted from the
scheme's support. Here are a few inspiring case studies:
Case Study 1: XYZ Tech Solutions
XYZ Tech Solutions, founded by Rahul Sharma, is a startup
that developed an innovative solution for sustainable waste management. Rahul,
a graduate of an entrepreneurship course supported by the Startup India Seed
Fund Scheme, utilized the knowledge and mentorship received during the program
to shape his business model and secure funding. Today, XYZ Tech Solutions has
successfully implemented its waste management solution in multiple cities,
significantly reducing landfill waste and creating a positive impact on the
environment.
Case Study 2: ABC Education Platform
ABC Education Platform, founded by Priya Gupta, emerged from
an entrepreneurial education program supported by the Startup India Seed Fund
Scheme. Priya leveraged the skills acquired during the program to develop an
online learning platform tailored to the needs of students in remote areas.
With the support of the scheme, ABC Education Platform gained recognition,
secured investments, and expanded its reach to underserved communities. The
platform has transformed the education landscape by providing quality education
resources to students who previously had limited access to educational
opportunities.
Case Study 3: PQR HealthTech
PQR HealthTech, co-founded by Rajesh Singh and Meera Patel,
is a healthcare startup that aims to improve access to affordable healthcare
solutions in rural areas. Rajesh and Meera, both graduates of an
entrepreneurship course affiliated with the Startup India Seed Fund Scheme,
utilized their acquired knowledge and network to develop an innovative
telemedicine platform. The scheme provided them with funding, mentorship, and
exposure to investors, enabling them to scale their operations and positively
impact the healthcare landscape in remote regions.
These case studies demonstrate the transformative impact of the Startup India Seed Fund Scheme on education course graduates. Through funding, mentorship, and networking opportunities, the scheme has nurtured their entrepreneurial spirit, empowered them to turn their ideas into reality, and facilitated the success of their startups.
What is the need for Startup Seed Funding Scheme in India?
The Startup Seed Funding Scheme is a much-needed scheme in India as it will help in the development of startups in the country Startups are an important part of the economy as they create jobs and contribute to the growth of the country The scheme will provide funding to startups and help them grow and become successful. Startup Seed Funding Scheme is important for the development of the startup ecosystem in India The scheme will provide financial assistance to startups to help them grow and scale up their operations Which will encourage more people to start their own businesses and boost economic growth. The Startup Seed Funding Scheme is a much-needed initiative by the Indian government to help startups in India The scheme offers funding of up to Rs 10 crore per startup and it is aimed at providing financial assistance to innovative startups in India.
Who all are eligible for the Startup India seed fund scheme?
The Startup India seed fund scheme is open to all Indian citizens including start-ups in the pre-Series A stage The government has also clarified that start-ups incubated in academic institutions are also eligible for funding under the scheme. The Startup India Seed Fund Scheme is open to all Indian citizens and entities incorporated in India The scheme is also open to resident individuals and entities of other countries provided that they are either (i) partners in a firm or (ii) shareholders in a company registered in India. Any startup irrespective of its stage of development sector or location is eligible for the scheme However the startup should be registered in India. The scheme is open to all Indian startups including those in the pre-seed and seed stages.
What is the Experts Advisory Committee (EAC) under the Startup India seed fund scheme.
The EAC is a committee constituted by the Department of Industrial Policy and Promotion (DIPP) to guide the Startup India seed fund scheme The EAC will appraise and recommend proposals for funding from the Rs 10,000 crore corpus of the Startup India scheme.
The Expert Advisory Committee (EAC) is a committee constituted by the Department of Industrial Policy and Promotion (DIPP) to provide recommendations to the DIPP on the Start-up India scheme.