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I don’t normally give a long list but I will try my best here:-Build websitesCan you design websites? So why don’t you use that skill to earn money? You don’t need to know HTML.you can build websites within minutes these days.you can use wordpress,Godaddy website builder or namecheap’s onepager.after you built your website,you need to find your customers.you can find your customers on warrior forum,wicked forum or you can sell it on flippa.Build your website today for free!Affiliate MarketingYou must have your own website or blog up. You cannot survive long term if you don’t have your own website or blog. On your website you can place your affiliate links in suitable place, if you readers buy products through your affiliate link, you get the commission. Simple as that. Affiliate marketing is harder but it’s lucrative. There are over 10000 affiliate programs are available on the internet.1. Amazon – Can be a good option because you get paid no matter what the person buys on Amazon within 24 hours (not just what you referred them to).2. Clickbank3. Skimlinks (but it pays out based on actual sales made. So it’s not a per-click basis, but does display ads automatically based on the content of your site.).4. Linkshare5. Commission Junction (www.cj.com)6. eBay7. Avantlink.com8. Google Affiliate network (different than standard Google Adsense).9. PepperjamNetworkRead E-mails to get paidYou can get paid for reading emails. Daily you receive paid emails in your inbox, these email will have links to different websites, so you have to click the links and view that website for a few seconds. This method will not give you lot of cash but something is better than nothing!!!Paid SurveysThis is one of the easiest way to make money online. But there are lots of scam out there so it’s hard to find legitimate surveys. If you can a find legitimate survey providing website, you can join and earn money. But remember you cannot get rich by doing paid surveys but consider as pocket money JCompleting offers in GPT sitesThis method is easy and quick way to earn money by doing free offers in GPT sites (Get Paid To) .these sites pay its members for doing variety of things.You rewarded for doing things that you normally do in online such as signing up for freebies, registering with fascinating sites, shopping and visiting different websites, etc. GPT sites are like a middle man, they get paid from advertisers to drive leads (you) to their site. Then GPA sites will give a percentage of cash to its members.Joining to new Social media sites to get paidSocial networking sites are becoming more popular, so lot of people starting their own social networking sites and making money from their own social networking sites. But since they need some members to get the word out and make the site look active, they are willing to pay people to become members and post messages.CPA MarketingCPA or Cost per Action is a much easier version of affiliate marketing. As long as the person you send to the merchant’s site takes a specific action required by the merchant, such as signing up for their newsletter, opting for email updates, taking a poll or whatever else, you earn your commission.In most cases, you don’t even have to generate a sale to get a commission. And that what makes CPA marketing attractive and very lucrative, the fact that people don’t have to spend money for you to make money. It’s a lot easier to get people to opt for free things than reaching out for their credit cards!Selling your own Craft /Art WorkSell your own craft/artworks on your site, Amazon, ebay or craigslist. Turn your free time into money! JMake money with Café pressUse café press to earn money. You can put up virtual store and drive traffic to your shop. You can sell many items on café press, you don’t need to worry about shipping and other “stuffs” café press will take care for your behalf.Online Money ConversionMoney exchangers charge higher fee when converting currencies. In order to do that you need to have a store front, and you need to do lots of paper work, invest some money and so on.Fortunately, you can do the same work online without having to deal with all the hassles and extras that comes with offline currency exchange. All you need is a simple website and you are ready to get up to 5% and even more for converting E-gold to PayPal and vice versa. Get a free website today!Software re-engineeringIf you have programming knowledge and expertise to improve functionalities and the performance of the already developed software, you can turn your knowledge into money.Job referringYou can earn commissions to refer jobs. You can expect $1000 for a reference. Everyone one finding jobs and these days finding a job is a http://nightmare.so by doing so you earn the commission they people have their jobs, pretty sweet isn’t it?Do Commenting Service for BloggersBloggers are very busy so they don’t have sufficient time to do the blog comments. In order to get higher search engine ranking your site must have backlinks from reputable websites or blogs. That is the reason bloggers pays you to do blog commenting behalf of them. Go to internet marketing forums(i:e Warrior forums) and put a ad about your blog commenting service then you will find your customers also you can register in fiverr to offer your blog commenting service, so you can find more customers.Build your own search EngineTry to build your own search engine. If you get high traffic you can generate income through ads. You can setup contests to encourage people to search through your search engine and give prizes for people who searched highest amount of keywords. But I know my dear friends this is sounds crazy but it’s worth to do so.Paid Game TesterPaid game testing is fun way of making money online, but unfortunately finding legitimate companies to work for is like a nightmare. There are Lots of scams in this industry, so you have to do a thorough research unless you don’t want to be gamed yourself.I have been searching for a long time, but to be honest, I have never came across any legit paid game testing site. Although, I haven’t been looking hard either. But if I do find one, I will update this page with the new information. So, be sure to bookmark this page and check back.Sell your skills on FiverrFiverr.com is one of the fastest growing micro freelancing sites which has attracted lots of attention recently, due to the fact that thousands of people are using it to really make a living charging a mere $5 for a variety of services and products.Simply register for free and create a gig offering people any kind of service. Whether it’s writing story for them, article writing, or whatever else, people pay you to do these things for them on Fiverr.Get paid to Document TranslationIf you speak a second language, you can use it to make money. Use classified ads sites and freelancing sites to find clients.Do Paid Forum PostingBuilding online forums can make you lot of money, but new forums have hard time attracting members. People are most likely to join your forum if your forum already have many active members. So forums (paid forums) pay new members to each of their new post, as a paid forum poster, you get paid for every new thread and post you participate in. On average you can earn $0.25 per post.Become a Member of Revenue Sharing ForumsIf you like participating in forums or are already a member of any forum, look for “Ad Share” sign in your user CP. Some forums offer what is called “Ad Share” program where they share the revenue earned from ads displayed on the forum, with their members. And if you already spend time on a forum that does offer Ad Share, you might as well take advantage of the opportunity to make a few dollars.Develop SoftwareKnow how to make a software? Then start developing software and plug-ins. One of the hottest plug-in markets is the blogging platforms like WordPress and Blogger. Use forums to find out what bloggers need that you can make a plug-in for. Create your plug-in or software and set up a free blog to advertise it.Do Data EntryNot the scam one, we are talking about legitimate data entry for Google. Google pays people to take photos of businesses, and enter basic data such as hours of operation,etc.Build Your Own ForumForums are some of the most visited kind of sites. As human we are social animals and that applies even in the cyber space. For a smart entrepreneur, that means opportunity!You always liked talking about politics and making your 2 cents heard about what’s happening in the political world, why not translate that passion into an online business! Create a forum around politics or whatever topic excites you.Get people to join your forum by promoting it on other forums you participate in and also by posting controversial and attention grabbing posts. Once you start to receive some decent amount of traffic, monetize the space with related ads.You can also do what many successful forums do, create an especial section on the forum where in order to get in, regular members have to pay a small fee. An example of that would be the WarRoom section of the famous WarriorForum, which only paid members have access to.Answer QuestionsEach one of us is an expert on something, and that means you too are an expert on something! Find that “something” and use your knowledge about it to offer answers and advice to people who are not familiar with the subject, on paid to answer sites.Review SoftwareWebsites like “Software Judge” will pay you for using and reviewing any of the software available in their collection. Write honest and detailed reviews and you increase your earning potential.Amazon Mechanical TurkIt’s one of the biggest micro freelancing sites on the planet and it allows millions of people around the world to earn additional cash doing simple and sometimes rather strange tasks that cannot be done by machines and computers. Tasks such as differentiating pictures from text, rewriting a sentence, pointing out difference in 2 seemingly identical images, transcribing audio files, liking someone on Facebook or following them on twitter and so on.However, the reality is that most tasks don’t pay much, so don’t expect to quit your day job. Nonetheless, MTurk is a good option for those looking to grow their bank account (or PayPal in this case!) whenever there is a few hours to kill.Create and Sell E-BooksYou can make e-books about anything. It’s not as hard as you think. Look at some e-books that are selling for $50 -$100 or even more, and you see what I mean (most of them are crap, but people do pay for them!).Got tasty recipes that you have learned from your grand ma!? Turn all that knowledge into a mouth-watering e-book with step by step guide on how to make those recipes. The best part is that it won’t cost you a penny. That’s right, you can write and create an e-book for free!Domain Drop ShippingIt’s basically selling domain registration for big domain registration sites like TuCows, which makes it easy for you to start your own private label domain registration. You get compensated not only for the initial sale, but for renewals thereafter as wellParticipate In Paid Focus GroupsFocus groups are basically the same as paid surveys, but unlike paid surveys most focus groups are conducted in a physical location. Focus group studies are held in most major cities.You will be in with a group of other selected people, discussing and answering questions about whatever product or service the study is about. You can expect to make between $60 to $250 for an hour to a full day of study.Start a Pod CastThink of it as voice or video blogging. Use free services like Odiogo.com to turn your blog into a podcast! Talk about interesting topics that will draw in lots of audience.Once you have established yourself and have a decent size audience, monetize your podcast with ads. It’s a joyful and really fun way of turning a passion into a profitable web-based businessBloggingBlogging is becoming increasingly popular. You can set up a blog in less than an hour. Go daddy website Builder makes easier for beginner bloggers to create their own blog. Within several clicks website is ready to launch! There are many free blogging platforms (I do Not recommend) you can use at first. When you get comfortable, then pay for your own hosting and domain name.You can blog about anything you like, your weight loss plan, Examination Tips, How to make money online, Business Tips and etc. how much you hate paying taxes and everything else in between. No matter how bizarre and unusual your blog is, there is always an audience for it.You can monetize your blog to generate revenue by displaying Ad sense ads, selling affiliate products, selling your own stuff, selling advertising space and etc.However, contrary to popular belief, becoming a pro blogger and making a living as such, takes lots of work and time. You have to be patient and willing to put a lot of time and effort into it.Install ApplicationsMost People have problems with installing different kinds of applications. If you are good at installing a particular app or a software, why not earn some extra money while helping others!Host Forums onlineUse software like SebFlipper to host hundreds of separate forums from a single web server. Then charge people who are looking for a good host for their forum, to host their forum for them, or you could offer free hosting, but under one condition, you get to show your own ads (for example Ad sense, affiliate products or what have you) on their forums.Work as a Virtual AssistantAs more online based businesses are born every day, the demand for virtual assistants is growing as well. People use virtual assistant for research, finding things, doing time-consuming tasks, making phone calls and etc.Again, you can use webmaster related forums and/or forums that online business owners hang out at and out an ad in classified section. I have seen so many people make a living (and they still do) by using this simple strategy.Making Photo MosaicsIf you can make photo mosaics, set up a website and offer your Photo Mosaics service. You will be surprised how many people pay for these things.Build a Niche DirectoryYou have seen those directory sites that have a list of specific sites in different categories. Set up one for yourself. Gather a list of sites and sources related to a specific niche and list them on your site.Sell ad space to other webmasters to generate revenue. You can charge a monthly fee to have their ads shown on your site. BuySellAds.com is a good place to look for potential customers.Do Directory SubmissionIn order for a website or blog to be successful and generate revenue, it needs traffic. There are many ways to work on traffic. One way is to submit your site to website directories which is very tedious and time-consuming. That is why many webmaster and blogger who are busy with other aspects of running their online business, hire people to do it for them.That’s where you can come in and offer to submit their sites to directories for a fee. Use forums like SitePoints and DigitalPoint to offer your service to webmasters.Make VideosWith the huge interest in videos online, there is always room for more. Create interesting videos of yourself or whatever and upload them to sites like Revver and Break. They will share a percentage of their ad revenue with you. Plus, you get something for each download as well.Take Advantage of YouTubeThere are many ways to use YouTube as a money-making platform. For example, you can create product review videos, place your affiliate link in the video and earn commission for every sale that is generated by your link.Making Myspace BackgroundsThey are all over the Internet, those ads for MySpace background! And that means only one thing, there is still a market for MySpace backgrounds! Creating MySpace backgrounds isn’t that hardBut most users don’t have the time to do it or are simply lazy.You can provide them with this service and customize their MySpace pageMake Digital Scrap Booking TemplatesI personally don’t get this, but many people love to scrapbook, and they do pay handsomely for templates. Make different kinds of templates and make it easy for people to use them.Design T-Shirts and Other Customizable ItemsIf you are good at coming up with catchy phrases and cool designs, you can make a decent living by designing and selling T-shirts on sites like CaféPress.You don’t have to spend a dime on stocking products, printing designs, shipping, payment processing and returns. It’s all done for you by CafePress. All you have to do is sign up for free, create and upload coll designs, drive potential buyers to your page and earn yourself some moolah.Flipp Website and DomainIt’s Just like flipping houses! Buy good domains and resell for a profit. Build a website or a blog, work on it for a while and once you got it to a stable point, let it go for a nice chunk of change. People like websites that are ready to go, and they do shell out handsomely. Hundreds of websites are bought and sold every day on sites like Flippa.com.Logo DesigningHundreds of new websites and blogs are born every day. Most of them will need a logo, but not every site owner knows how to make a logo. If you have some design talent, you can create a small business out of it, offering custom logo creations on webmaster related forums and classified ads sites. Don’t have a professional software? Use free imaging tools such as PhotoFilter to make stunning logos.Make Money with CraigslistCraigslist is one of the most visited websites on the planet and that creates an opportunity like no other for anyone who is creative and not afraid of taking action. The easiest way to make a buck with Craigslist is to simply pick free times in the “free” section and sell them right back on CL for a profit.For example, there are always tables, chairs, beds and all kinds of wood works that people are giving way free, you just have to go pick them up, freshen them up a bit, perhaps put a fresh new coat of paint on them and you have yourself a piece that’s worth some cold hard cashSell your products on eBayAlmost everyone knows the potential of becoming an eBay seller and you are probably tired of hearing about it. But the truth of the matter is that eBay is a really good online business opportunity.The best part about launching an eBay store is that you don’t really need to invest financially to get started. Start by gathering your unused stuff around the house, clean them up, take a few nice photos and list them on eBay. No matter how much money you end up making selling your unwanted stuff on eBay, it’s still better than letting them dust in your garage!Once you get the hang of it, you can do the same for your neighbors, friends and family members for a small fee. And if you really want to scale it up, find out what are the hot selling items on eBay, find a wholesaler, buy them in bulk which comes out way cheaper, then sell them individually for a profit.Make money for Searching!Search engines are big money makers. No wonder every day new search engines pup up everywhere. But since they are not as big as Google and yahoo and some other engines, they use rewards as a way to entice users to search on their site. You won’t make a lot of money fast, but it’s a good chunk of change for what you already do anywayReview Products and WebsitesSet up a website or a blog and start a review site. Website owners and bloggers will pay you to post a review of their site on your site. It helps them get the word out and helps you get the dough.You can also review products you are an affiliate of, on your site, linking to the merchant’s site using your especial affiliate link, so that whenever someone buys the products using your link, you get your commissionSharing Files OnlineVery similar to stock photography option, but its files and documents instead of pictures. There are a couple of document sharing sites that you can upload any kind of file you own to, every time someone downloads one of your files, you make a few cents. Files can be in almost any format, from TXT to PDF and everything in between.Stock Photography SitesIf you like photography and enjoy taking interesting pictures, there are a bunch of websites known as Stock photography Sites where you can upload your images and receive a commission each time someone downloads an image of yours.The good thing about using stock photography as a way to pocket a few bucks is that its passive income. You upload the picture once, but you keep getting rewarded each time somebody downloads it. Imagine the potential of having 100s of images on 5 or 6 stock photography sites.Surf the WebThis is one of the earliest GPT style sites that created an opportunity for anyone to earn few cents at a time by visiting advertiser’s websites for a set amount of time (usually less than 10 sec). You can’t really call it earning money, but at the same time, there is not much work required either.Do Freelance WritingOne of the most popular options when it comes to Internet money-making is freelance writing. You don’t need any money to invest, there is no need to own a website, (although having one helps) and best of all you can make quick money. Publish your service in fiverr to take your income to the next level.Play Games (Game Money)Yes you can actually get paid to play online games. On game sites like Farm Gold and Second Life, you can make virtual money which can be exchanged for real money.I am sure you have heard of Ansche Chung, the first person who become a millionaire exchanging her virtual money earned from Second Life for real money (worth over a million dollar).Become a Mystery ShopperMystery shopping is becoming a popular method for companies for evaluating the performance and customer service skills of their employees. Although there are a lot of different opinions about this, mystery shopping is actually growing as an industry. You will be assigned to shop and dine in different places and report your experience back.Depending on specific assignments, you can expect to be paid anywhere from $45 to $350 or more per assignment. Of course, the amount that you spend buying goods and services will be reimbursed. Sometimes you can keep the item you bought at no cost.Tweet for sponsorSponsored Tweets is an online platform that allows you to make money on Twitterby charging sponsors for communicating their advertising messages to your followers. You set the amount you want to get paid for every tweet you make, choose a category and select keywords you want to work with. You then wait for advertisers to contact you and take you up on your offer, paying you the amount you specified for each tweet that you make.All throughout the process, the tweeter has full control over his or her account, and may choose the wordings of the tweets, or may choose to reject the tweet altogether.Become a mobile App testerPeople that are rather uncertain of their application development potential can still make some money through the usage of iPhone apps.People that have the time and desire to test iPhone apps and discover bugs can be rewarded payments for their efforts. uTestis one such application. Individuals that have signed up will also build some reputation on the basis of the testing they have done so far.Better reputation signifies access to more profitable app testing opportunities.It is a long post. I hope it helps.If you like my answer, you will definitely like my training course. Check it out on my website.AlexFounder of ManagingYourFinance.Com

A Comprehensive List Of Startup Schemes Introduced By The Indian Government In The Last Few YearsThe Indian government has introduced over 50+ startup schemes in past few years. Each startup scheme is missioned towards boosting the Indian startup ecosystem.Consider this. Close to 4,400 technology startups exist in India and the number is expected to reach over 12,000 by 2020. India is also at third place behind US and Britain in terms of the number of startups. Furthermore, in line with its global counterparts, India has its own billion dollar club to boast about. This includes startups like Flipkart, Snapdeal, Ola, InMobi, Hike, MuSigma, Paytm, Zomato, and Quikr. With the next $100 Mn funding raise, fintech startup MobiKwik too looks to join the unicorn club.Entrepreneurship is no longer being condemned as jugaad.Nirmala Sitharaman, MoS, Commerce and Industry made this statement during the launch of the Startup India Action Plan on January 16, 2016, by PM Narendra Modi. In the past 18 months, the Indian Government has come up with a wide array of startup schemes and startup funds to encourage launch and growth of startups in the country. However, of the many initiatives, only a few such as Fund of Funds, Tax exemption, gain hype across the startup community.These startup schemes have been introduced over a period of time and many of these were introduced before the launch of Startup India plan. But most of the startups are either not aware of these different schemes or do not have a clear idea on how to avail them.Keeping this in mind, we at Inc42 have tried to curate an exhaustive list with the details of these 50+ startup schemes floated by the Indian government to date to support the Indian startups, SMEs, MSMEs, Businesses, Research Institutes, Incubators, Accelerators, etc. Indian. Sectors that these government schemes for startups operate under range from tech-specific verticals to agritech, greentech, science and academic innovation and more.The information has been collected majorly from available public sources and the newly launched Startup India Hub website.The Startup Schemes By Indian GovernmentHere is a list of startup schemes launched by the Indian government and run under different ministries and are further headed by different departments.Ministry Of Electronics and Information Technology (MeitY)Image Credit – FirstpostStartup Scheme 1: Support for International Patent Protection in Electronics & Information Technology (SIP-EIT)Launched In: N/AHeaded by: Department of Electronics and Information Technology (DeitY)Industry Applicable: IT Services, analytics, enterprise software, technology hardware, Internet of Things, AI.Eligible For: MSMEs and technology startups in the ICTE sector.Overview: The scheme, launched by the Indian government, aims to provide financial support to MSMEs and technology startup units for international patent filing to encourage innovation and recognise the value and capabilities of global IP along with capturing growth opportunities in the ICTE sector.Fiscal Incentives: Reimbursement will be limited to a total of INR 15 Lakhs per invention or 50% of the total expenses incurred in filing and processing of the patent application upto grant, whichever is lesser.Time Period: The scheme is valid upto 30.11.2019.To know more about this startup scheme by the Indian Government, click here.Startup Scheme 2: Multiplier Grants Scheme (MGS)Launched In: May 2013Headed By: Department of Electronics and Information Technology (DeitY)Industry Applicable: IT Services, analytics, enterprise software, technology hardware, Internet of Things, AI.Eligible For: Startups, incubator/academia/accelerators. Should have projects in electronics & information technology.Overview: The MGS aims to encourage collaborative R&D between industry and academics/R&D institutions for development of products and packages.Fiscal Incentives: The Government grants for individual industry would be limited to a maximum of INR 2 Cr per project and the duration of each project should, preferably, be less than two years. For industry consortiums, these figures would be INR 4 Cr and three years.Time Period: 2-3 yearsTo know more about this startup scheme by the Indian Government, click here.Startup Scheme 3: Software Technology Park (STP) SchemeLaunched In: N/AHeaded By: Software Technology Parks of India (STPI)Industry Applicable: IT services, fintech, enterprise software, analytics, AI.Eligible For: Software companiesOverview: The STPI has been set up with the objective of encouraging, promoting, and boosting software exports from India. The STP Scheme, by the Indian government, provides statutory services, data communications servers, incubation facilities, training and value-added services. The scheme allows software companies to set up operations in convenient and inexpensive locations and plan their investment and growth, driven by business needs.Fiscal Incentives: Sales in the DTA up to 50% of the FOB value of exports is permissible and depreciation on computers at accelerated rates up to 100% over 5 years is permissible.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 4: Electronic Development Fund (EDF) PolicyLaunched In: N/AHeaded By: Department of Electronics and Information Technology (DeitY)Industry Applicable: IT Services, analytics, enterprise software, technology hardware, Internet of Things, AI, nanotechnology.Eligible For: Startups pursuing innovation in technology sectors like electronics, IT, and nanoelectronics.Overview: The agenda was envisaged to develop the Electronics System Design and Manufacturing (ESDM) sector to achieve “Net Zero Imports” by 2020. The EDF will help attract venture funds, angel funds and seed funds towards R&D and innovation in the specified areas. It will help create a cell of Daughter funds and Fund Managers who will be seeking good startups (potential winners) and selecting them based on professional considerations.Fiscal Incentives: The Electronic Development Fund (EDF) is set up as a “Fund of Funds” to participate in professionally-managed “Daughter Funds” which, in turn, will provide risk capital to companies developing new technologies. CANBANK Venture Capital Funds Ltd. (CVCFL) is the Fund Manager for EDF.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 5: Modified Special Incentive Package Scheme (M-SIPS)Launched In: July 2012Headed By: Department of Electronics and Information Technology (DeitY)Industry Applicable: Technology hardware, Internet of Things, aeronautics/aerospace & defence, automotive, non-renewable energy, renewable energy, green technology and nanotechnology.Eligible For: Startups in electronic manufacturingOverview: The scheme aims to support IPR awareness workshops/seminars for sensitising and disseminating awareness about Intellectual Property Rights among various stakeholders especially in the E&IT sector.Fiscal Incentives: This startup scheme by Indian government provides a capital subsidy of 20% in SEZ (25% in non-SEZ) for units engaged in electronics manufacturing. It also provides for reimbursements of CVD/ excise for capital equipment for the non-SEZ units. For some of the high capital investment projects like the scheme provides for Central Taxes and Duties reimbursement of Central Taxes and Duties.Time Period: N/ATo apply online, one can click here.Startup Scheme 6: Scheme to Support IPR Awareness Seminars/Workshops in E&IT SectorLaunched In: N/AHeaded By: Department of Electronics and Information Technology (DeitY)Industry Applicable: IT services, analytics, enterprise software, technology hardware, Internet of Things, AI.Eligibility: This startup scheme by the Indian government is eligible for educational institutes and industry bodies like MAIT, ELCINA, CII, NASSCOM, FICCI, IESA, ASSOCHAM, etc., DeitY Society(ies) or DeitY Autonomous Body(ies). It is mandatory that the organisation should be registered with the Central Plan Scheme Monitoring System (CPSMS) portal, in order to apply for support for IP Awareness Workshop(s)/Seminar(s).Overview: The scheme provides IP (Intellectual Property) awareness workshops and seminars and funding grants.Fiscal Incentives: The organisations are provided with a grant of INR 2 Lakhs to INR 5 Lakhs. This includes educational institutes – INR 2 Lakhs, industry bodies – INR 3 Lakhs and DeitY Society(ies) or DeitY Autonomous Body(ies) – INR 5 Lakhs.Time Period: The scheme is valid upto 30.11.2019.To know more about this startup scheme by the Indian Government, click here.Ministry Of Agriculture And Farmers WelfareImage Credit – DigitalLearningStartup Scheme 7: NewGen Innovation and Entrepreneurship Development Centre (NewGen IEDC)Launched In: N/AHeaded By: NewGen Innovation and Entrepreneurship Development Centre (NewGen IEDC)Industry Applicable: Chemicals, technology hardware, healthcare & lifesciences, aeronautics/aerospace & defence, agriculture, AI, AR/VR (augmented + virtual reality), automotive, telecommunication & networking, computer vision, construction, design, non-renewable energy, renewable energy, green technology, fintech, Internet of Things, nanotechnology, social impact, food & Beverages, pets & animals, textiles & apparel.Eligibility: The parent institution should have requisite expertise and infrastructure. This includes a minimum dedicated space of about 5,000 square feet to establish a NewGen IEDC, library, qualified faculty, workshops, etc.Overview: The NewGen IEDC is being promoted in educational institutions to develop an institutional mechanism to create an entrepreneurial culture in S&T academic institutions and to foster techno-entrepreneurship for generation of wealth and employment by S&T persons. As of now, there are total 40+ EDCs and 35 IEDCs in different states.Fiscal Incentives: The NSTEDB startup scheme by Indian government will provide a limited, one-time, non-recurring financial assistance, up to a maximum of INR 25 Lakhs. Also, non-recurring grants would be provided for supporting working capital cost.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 8: The Venture Capital Assistance SchemeLaunched In: 2012Headed By: Small Farmers’ Agri-Business Consortium (SFAC)Industry Applicable: AgricultureEligibility: Assistance under this scheme by Indian government will be available to individuals, farmers, producer groups, partnership/proprietary firms, self-help groups, companies, agri-preneurs, units in agri-export zones, and agriculture graduates individually or in groups for setting up agri-business projects. For professional management and accountability, the groups have to preferably form into companies or producer companies under the relevant Act.Overview: Venture Capital Assistance is financial support in the form of an interest-free loan provided by the SFAC to qualifying projects to meet the shortfall in capital requirements for implementation of the project.The Scheme was implemented during 2012-17 in the XII Plan. SFAC has formed tie-ups with 41 banks to provide financial support.Fiscal Incentives: The quantum of SFAC Venture Capital Assistance will depend on the project cost and will be the lowest of the following:> 26% of the promoter’s equity.> INR 50 Lakhsfor projects located in North-Eastern Region, Hilly States (Uttarakhand, Himachal Pradesh, Jammu & Kashmir) and in all cases in any part of the country where the project is promoted by a registered Farmer Producers Organisation, the quantum of venture capital will be the lowest of the following:> 40% of the promoter’s equity.> INR 50 LakhsTime Period: This startup scheme is valid for the period between 2012-2017.To know more about this startup scheme by the Indian Government, click here.Ministry Of Micro, Small And Medium Enterprises (MSME)Startup Scheme 9: Credit GuaranteeLaunched In: N/AHeaded By: Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)Industry: Sector-AgnosticEligibility: The scheme is applicable for new and existing Micro and Small Enterprises engaged in manufacturing or service activity excluding retail trade, educational institutions, agriculture, self-help groups (SHGs), training institutions, etc.Overview: The scheme was launched by the Indian government to strengthen the credit delivery system and facilitate the flow of credit to the MSE sector. Lending institutions majorly included public, private, foreign banks along with regional rural banks, and SBI and its associate banks.Fiscal Incentives: Both term loans and/or working capital facility up to INR 100 Lakhs per borrowing unit are being provided. The guarantee cover provided is up to 75% of the credit facility up to INR 50 Lakhs (85% for loans up to INR 5 Lakhs provided to micro enterprises, 80% for MSEs owned/operated by women and all loans to NER including Sikkim) with a uniform guarantee at 50% for the entire amount if the credit exposure is above INR 50 Lakhs and up to INR 100 Lakhs.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 10: Performance & Credit Rating SchemeLaunched In: August 2016Headed By: National Small Industries Corporation (NSIC)Industry Applicable: Sector-agnosticEligibility: MSMEs registered in India are eligible to apply under this scheme. In May 2017, the guidelines were revised which stated that a unit with a turnover of INR 1 Cr or above will be eligible under the scheme. Now the case of rating needs to be recommended by a bank or NBFC.Overview: The scheme aims to create awareness about the strengths and weaknesses of small-scale industries. It was formulated by the Ministry of MSME under the Indian government in consultation with various stakeholders i.e. Small Industries Associations & Indian Banks’ Association and various rating agencies viz. CRISIL, ICRA, Dun & Bradstreet (D&B) and ONICRA.Fiscal Incentives: The incentives are proportional to the turnover of the MSMEs. For instance, up to INR 50 Lakhs, 75% of the rating fee or INR 25,000 (whichever is less) will be contributed under the scheme. For turnover above INR 50 Lakhs to INR 200 Lakhs, 75% of the fee or INR 30,000 (whichever is less) while for turnover more than INR 200 Lakhs, 75% of the fee or INR 40,000 (whichever is less).Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 11: Raw Material AssistanceLaunched In: N/AHeaded By: National Small Industries Corporation (NSIC)Industry Applicable: Sector-agnosticEligibility: MSMEs registered in India are eligible to apply under this scheme.Overview: This startup scheme aims at helping MSMEs by way of financing the purchase of raw material (both indigenous & imported), thereby giving an opportunity to MSMEs to focus on manufacturing quality products.Fiscal Incentives: Under this scheme by the Indian government, MSMEs will be helped to avail economics of purchases like bulk purchase, cash discount, etc. Also, all the procedures, documentation and issue of letter of credit in case of imports will be taken care of. Security will be in the form of Bank Guarantee from Approved/Nationalised Banks.Time Period: MSMEs will get financial assistance for procurement of raw material up to 90 days. In case outstanding dues are cleared within 270 days, micro enterprises will bear 9.5%- 10.5% interest while small and medium enterprises will have to pay 10% to 11% interest.To know more about this startup scheme by the Indian Government, click here.Startup Scheme 12: Revamped Scheme of Fund for Regeneration of Traditional Industries (SFURTI)Launched In: 2005Headed By: Khadi and Village Industries CommissionIndustry Applicable: Sector-agnosticEligibility: Non-Government organisations (NGOs), institutions of the Central and State Governments and semi-Government institutions, field functionaries of State and Central Govt., Panchayati Raj institutions (PRIs), private sector by forming cluster specific SPVs, corporates and corporate social responsibility (CSR) foundations with expertise to undertake cluster development are eligible to apply under this scheme.Overview: The objectives of this scheme launched by the Indian government is to organise traditional industries and artisans into clusters to make them competitive and provide support for their long-term sustainability. At the same time, it also aims to enhance the marketability of products of such clusters, build up innovative and traditional skills, and more to gradually replicate similar models of cluster-based regenerated traditional industries.Fiscal Incentives: The financial assistance provided for any specific project shall be subject to a maximum of INR 8 Cr to support soft, hard and thematic interventions. Following is the budget limit per cluster:> Heritage Clusters (1,000-2,500 artisans) – INR 8 Cr/ cluster> Major Clusters (500-1,000 artisans) – INR 3 Cr / cluster> Mini-Clusters (Up to 500 artisans) – INR 1.5 crore/ clusterFor NER/J & K and the Hill States, there will be 50% reduction in the number of artisans per cluster.Time Period: The timeframe for the implementation of the project will be three years.To know more about this startup scheme by the Indian Government, click here.Startup Scheme 13: Single Point Registration Scheme (SPRS)Launched In: 2003Headed By: National Small Industries Corporation (NSIC)Industry Applicable: Sector-agnosticEligibility: All micro and small enterprises registered with the Director of Industries (DI)/District Industries Centre (DIC) as manufacturing/service enterprises or having an acknowledgement of Entrepreneurs Memorandum (EM Part-II) are eligible for registration under this scheme by the Indian government. Those who have already commenced their commercial production but not completed one year of existence, a Provisional Registration Certificate can be issued to them under SPRS scheme with a monitory limit of INR 5 Lakhs, valid for the period of one year from the date of issue.Overview: With a view to increasing the share of purchases from the small-scale sector, the Government Stores Purchase Programme was launched in 1955-56. NSIC registers micro & small enterprises (MSEs) under the Single Point Registration Scheme (SPRS) for participation in government purchases.Fiscal Incentives: The eligible micro and small enterprises will get an exemption from payment of Earnest Money Deposit (EMD) and will be issued tender sets free of cost. In tender participating, MSEs quoting price within the price band of L1+15 per cent shall also be allowed to supply a portion up to 20% of the requirement by bringing down their price to L1 Price where L1 is non-MSEs.Time Period: The SPRS Certificate granted to the micro & small enterprise is valid for two years. It will be reviewed and renewed after every two years by verifying continuous commercial and technical competence of the registered micro & small enterprise in manufacturing / producing the stores for which it has been registered by NSIC.To know more about this startup scheme by the Indian Government, click here.Startup Scheme 14: Aspire – Scheme for promotion of innovation, entrepreneurship, and agro-industryLaunched In: March 2015Headed By: Steering Committee, Ministry of MSMEIndustry Applicable: Agriculture, pets & animals, social impact, healthcare & life sciencesEligibility: All MSMEs with an Entrepreneurs Memorandum (EM) registration.Overview: Aspire has been launched by the Indian government with an objective to set up a network of technology centres, incubation centres to accelerate entrepreneurship and also to promote startups for innovation and entrepreneurship in rural and agriculture-based industry. It also includes the setting up of Technology Business Incubators (TBIs). As per the June 2017 status report of Startup India Action Plan, 15 TBIs are being set up. 11 TBIs have been approved and four others are in advanced stages. Six Technical Business Incubators are in advanced stages of approval by DST. INR 34.92 Cr has been sanctioned and INR 15.3 Cr has been already disbursed to nine TBIs.Fiscal Incentives: >One-time grant of 50% of the cost of Plant & Machinery excluding the land and infrastructure or an amount up to INR 30 Lakhs, whichever is less to be provided for supporting 20 existing incubation centres.> One-time grant of 50% of the cost of Plant & Machinery excluding the land and infrastructure or an amount up to INR 100 Lakhs, whichever is less to be provided for setting up of new incubation centres.> Support would be provided for incubation of ideas at the inception stage, each idea would be provided financial support @INR 3 Lakhs per idea to be paid up front to the incubator to nurture the idea, with a target to support 450 ideas.>A one-time grant of INR 1 Cr will be provided to the eligible incubator as Seed Capital. The Incubator will invest as Debt/ Equity funding upto 50% of total project cost or INR 20 Lakhs per startup, whichever is less. 150 such innovative and successful ideas to be supported.> INR 200 Lakhs for Accelerators to hold 10 workshops for incubates [out of the existing centres supported and new centres set up] to assist for creating successful business enterprises. Plans to conduct 10 such workshops.Time Period: Period of incubation to be 12 months to 24 months.To know more about this startup scheme by the Indian Government, click here.Startup Scheme 15: Infrastructure Development SchemeLaunched In: N/AHeaded By: National Small Industries Corporation (NSIC)Industry Applicable: Sector-agnosticEligibility: space shall be allotted to IT/ITES/MSME units not registered with STPI (Software Technology Parks Of India Scheme). It will be allotted to only those units that are falling under the overall definition of MSME as per the guidelines of Ministry of Micro, Small and Medium Enterprises. Units other than MSMEs such as Banks/PSUs/financial institutions, corporate sectors etc. would also be considered for allotment on a case-to-case by merit.Overview: This scheme by the Indian government aims to solve the office space issues of MSMEs. The Corporation has commercial buildings at New Delhi, Chennai, and Hyderabad. Apart from other schemes, the Corporation provides office space on a lease rental basis to prospective units.Fiscal Incentives: The sizes of available office space range from 467 sq.ft. to 8,657 sq.ft. The unit has to deposit interest-free Security deposit equivalent to six months rent refundable at the time of vacation of premises. The rentals are reviewed every year.Time Period: The notice period is for 90 days. There is no lock-in period.To know more about this startup scheme by the Indian Government, click here.Startup Scheme 16: MSME Market Development AssistanceLaunched In: 2002Headed By: Office of the Development Commissioner (MSME)Related Article: Govt Launches Defence India Startup Challenge To Close Ranks With Indian Startups, Disrupt SectorIndustry Applicable: Sector-agnosticEligibility: Unit having valid permanent registration with the Directorate of Industries/District Industries Centre are eligible under this scheme. The selection of small/micro manufacturing units would be done by MSME-DIs as per displayed product profile, the theme of the fair and space availability. Furthermore, Micro & Small manufacturing enterprise can avail this facility only once a year and only one person of the participating unit would be eligible for the subsidy on airfare.Overview: The scheme offers a funding to interested individuals aimed at increasing participation of representatives of small/micro manufacturing enterprises under the MSME India stall at international trade fairs/exhibitions. This scheme by the Indian government also encourages small & micro exporters in their efforts at tapping and developing overseas markets and enhance export from the small/micro manufacturing enterprises.Fiscal Incentives: 75% of air fare by economy class and 50% space rental charges for micro & small manufacturing enterprises of General category entrepreneurs will get reimbursed under this scheme. For women/SC/ST entrepreneurs & entrepreneurs from North Eastern Region, 100% space, rent, and economy class airfare will be reimbursed. The total subsidy on air fare & space rental charges will be restricted to INR 1.25 Lakhs per unit.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 17: National Awards (Individual MSEs)Launched In: N/AHeaded By: Office of the Development Commissioner (MSME)Industry Applicable: Sector-agnosticEligibility: The MSMEs should have been in continuous manufacturing/services for the last four years and should have Udyog Aadhaar Memorandum (UAM). MSMEs would also have to mandatorily register in MSME Databank web portal before submitting their application.Overview: With a view to recognising the efforts and contribution of MSMEs, the Ministry of MSME gives National Awards annually to selected entrepreneurs and enterprises under the scheme of National Awards.Fiscal Incentives: The Selected National awardee is facilitated with a cash prize of INR 1 Lakh, INR 75K, INR 50K in order of ranking. Cash prizes of INR 1 Lakh are provided under Special National Award category to women, SC/ST and North Eastern Region (NER) entrepreneur.Time Period: The awards are given every year.To know more about this startup scheme by the Indian Government, click here.Startup Scheme 18: Coir Udyami YojanaLaunched In: N/AHeaded By: Coir BoardIndustry Applicable: AgricultureEligibility: All coir processing MSME units registered with the Coir Board under Coir Industry (Registration) Rules, 2008 are eligible under this scheme by the Indian government. There will be no income ceiling for assistance for setting up of a project under the Coir Udyami Yojana. Assistance under the Scheme will be made available to individuals, companies, self-help groups, non-governmental organisations, institutions registered under the Societies Registration Act 1860, production co-operative societies, joint liability groups, and charitable trusts. However, the units that have already availed a Govt. subsidy under any other Scheme of Govt. of India or State Govt. for the same purpose are not eligible to claim a subsidy.Overview: The scheme aims to support the setting up of coir units with a project cost upto INR 10 Lakhs plus one cycle of working capital, which shall not exceed 25% of the project cost. The banks shall consider a composite loan instead of a term loan to cater to the working capital requirements. This should be exclusive of INR 10 Lakhs limit proposed. However, the subsidy will be computed excluding working capital component.Fiscal Incentives: Banks will finance capital expenditure in the form of a term loan and working capital in the form of cash credit. Projects can also be financed by the bank in the form of composite loans consisting of cap ex and working capital. The amount of credit will be 55% of the total project cost after deducting 40% margin money (subsidy) and owner’s contribution of 5% from beneficiaries.Time Period: Rate of interest chargeable for the loans shall be at par with the base rate. Repayment schedule may not exceed seven years after an initial moratorium, as may be prescribed by the concerned bank/financial institution.To know more about this startup scheme by the Indian Government, click here.Startup Scheme 19: International Cooperation (IC) SchemeLaunched In: 1996Headed By: Office of the Development Commissioner (MSME)Industry Applicable: Travel & tourism, human resources, events, advertisingEligibility: State/Central Government Organisations, Industry/Enterprise Associations, and Registered Societies/Trusts and Organisations associated with the MSME are eligible to apply under this scheme. The organisation should be registered with the primary objective of promotion and development of MSMEs. It should be engaged in such activities for at least three years and should have regular audited accounts for the past three years. Events, for which financial support under the Scheme is sought, must have significant international participation.Overview: Under this scheme by the Indian government, financial assistance for travel and marketing expenditures relating to the development of the MSME sector in India is supported by the department. The objective is to make MSMEs internationally competitive by technology infusion/upgradations, modernisation of MSMEs, and promotion of exports of MSMEs.Fiscal Incentives: The incentives vary as per the category of organisation. For instance, MSME gets 100% of the economy class airfare subject to a maximum of INR 1.5 Lakhs or actual fare paid, whichever is lower. On the other hand, off bearer of the applicant organisation also gets an additional duty allowance of INR 150 per day along with the airfare subjected to limitations above. MSMEs also get 100% of the space rent subject to a maximum of INR 1 Lakh or actual rent paid, whichever is lower. Common expenses such as freight & insurance, local transport, secretarial/ communication services, printing of common catalogues may be funded as well.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 20: Credit Linked Capital Subsidy for Technology UpgradationLaunched In: N/AHeaded By: Office of the Development Commissioner (MSME)Industry Applicable: Sector-agnosticEligibility: Existing SSI Units registered with the State Directorate of Industries that have upgraded their existing plant and machinery with state-of-the-art technology, with or without expansion are eligible under this scheme. Also, new SSI Units which are registered with the State Directorate of Industries which have their facilities only with the appropriate eligible and proven technology duly approved by the GTAB/TSC will be eligible.Overview: This startup scheme by the Indian government – aims at facilitating technology upgradations by providing upfront capital subsidy to small scale industry (SSI) units, including khadi, village, and coir industrial units, on institutional finance (credit) availed by them for modernisation of their production equipment (plant and machinery) and techniques.Fiscal Incentives: The Ceiling on loans under the scheme has been raised from INR 40 Lakhs to INR 1 Cr while the rate of subsidy has been enhanced from 12% to 15%. Here, the admissible capital subsidy is calculated with reference to purchase price of plant and machinery, instead of term loan disbursed to the beneficiary unit.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 21: Bank Credit Facilitation SchemeLaunched In: N/AHeaded By: National Small Industries Corporation (NSIC)Industry Applicable: Sector-agnosticEligibility: MSMEs registered in IndiaOverview: The scheme aims to meet the credit requirements of MSME units. NSIC has entered into a Memorandum of Understanding with various nationalised and private sector banks. Through syndication with these banks, NSIC arranges for credit support (fund- or non-fund-based limits) from banks without any cost to the MSMEs.Fiscal Incentives: N/A.Time Period: The repayment period varies depending upon the income generated from the unit and generally varies from five-seven years. However, in exceptional cases, it can go up to to 11 years.To know more about this startup scheme by the Indian Government, click here.NITI AayogStartup Scheme 22: Atal Incubation Centres (AIC)Launched In: N/AHeaded By: Atal Innovation Mission (AIM)Industry Applicable: Chemicals, technology hardware, healthcare & life sciences, aeronautics/aerospace & defence, agriculture, AI, AR/VR (augmented + virtual reality), automotive, telecommunication & networking, computer vision, construction, design, non-renewable energy, renewable energy, green technology, fintech, Internet of Things, nanotechnology, social impact, food & beverages, pets & animals, textiles & apparel.Eligibility: AICs can be established in public/private/public-private partnership mode. These can be established in: Academia – includes higher educational institutes and R&D institutions. Non-academic – includes companies/ corporates/ technology parks / industrial parks/ any individual/ group of individuals.Overview: AICs are set up under the Atal Innovation Mission (AIM). AICs aim to support and encourage startups to become successful enterprises. They will provide necessary and adequate infrastructure along with high-quality assistance or services to startups in their early stages of growth. As per June 16, 2017, Startup India Action Plan status report, NITI Aayog has approved 10 institutes to establish new incubators with a grant of INR 10 Cr each.Fiscal Incentives: AIM will provide a grant-in-aid of INR 10 Cr to each AIC for a maximum of five years to cover the capital and operational expenditure cost in running the centre. The applicant would have to provide a built-up space of at least 10,000 sq. ft to qualify for the financial support.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 23: Atal Tinkering Laboratories (ATL)Launched In: July 2016Headed By: Atal Innovation MissionIndustry Applicable: Chemicals, technology hardware, healthcare & life sciences, aeronautics/aerospace & defence, agriculture, AI, AR/VR (augmented + virtual reality), automotive, telecommunication & networking, computer vision, construction, design, non-renewable energy, renewable energy, green technology, fintech, Internet of Things, nanotechnology, social impact, food & Beverages, pets & animals, textiles & apparel.Eligibility: Schools (Grade VI – XII) managed by the Government, local body or private trusts/society can apply to set up an ATL.Overview: The objective of this startup scheme by the Indian government is to foster curiosity, creativity, and imagination in young minds; and inculcate skills such as design mindset, computational thinking, adaptive learning, physical computing etc. As per the Startup India Action Plan, 500 Tinkering Labs are to be established. NITI Aayog has selected 457 schools for establishing Tinkering Labs. Of the selected, 350 Tinkering Labs have received a Grant-in-Aid of INR 12 Lakhs each. Earlier this month, NITI Aayog CEO Amitabh Kant stated that this year, the Atal Innovation Mission (AIM) scheme will look to select 1,000 schools. They will receive a grant of about $31K (INR 20 Lakhs) each. The money will be utilised to set up tinkering labs to foster innovation.Fiscal Incentives: AIM will provide grant-in-aid that includes a one-time establishment cost of INR 10 Lakhs and operational expenses of INR 10 Lakhs for a maximum period of five years to each ATL.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 24: Scale-up Support to Establishing Incubation CentresLaunched In: N/AHeaded By: NITI AayogIndustry Applicable: Chemicals, technology hardware, healthcare & life sciences, aeronautics/aerospace & defence, agriculture, AI, AR/VR (augmented + virtual reality), automotive, telecommunication & networking, computer vision, construction, design, non-renewable energy, renewable energy, green technology, fintech, Internet of Things, nanotechnology, social impact, food & Beverages, pets & animals, textiles & apparel.Eligibility: To avail benefits of this startup scheme by the Indian government, the startup should be a legal entity registered in India as a public, private, or public-private partnership and must be in operation for a minimum of three years.Overview: This startup scheme envisages to augment the capacity of the Established Incubation Centres in the country. It will provide financial scale-up support to enable Established Incubation Centres. The scheme would radically transform the startup ecosystem in the country by upgrading the Established Incubation Centres to world-class standards.Fiscal Incentives: Grant-in-aid support of INR 10 Cr will be provided in two annual instalments of INR 5 Cr each.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Ministry of Skill Development and EntrepreneurshipStartup Scheme 25: Udaan Training Programme For Unemployed Youth Of J&KLaunched In: 2012Headed By: National Skill Development Corporation (NSDC)Industry Applicable: Education, human resourcesEligibility: Graduates, post-graduates, and professional degree holders in J&K.Overview: Udaan is a Special Industry Initiative for Jammu & Kashmir. This scheme by the Indian government provides employment-oriented training to the youth from the state for over five years, covering various sectors like business management, software, and BPO. The Scheme aims to cover 40,000 youth of J&K over a period of five years. As on July 2015, 10, 555 youths had joined the scheme with 585 selection drives conducted. Also, as per a May 2017 Business Standard report, INR 246 Cr have already been spent on the programme, but only 10% candidates were hired. Also, of the 9,780 Kashmiri youths who received jobs under Udaan, it is unclear how many are still employed. The NSDC eventually lost track of the beneficiaries.Fiscal Incentives: INR 750 Cr has been earmarked for the implementation of the scheme over a period of five years to cover other incidental expenses such as travel cost, boarding and lodging, stipend, travel and medical insurance cost for the trainees and administration cost. Furthermore, corporates are eligible for partial reimbursement of training expenses incurred for Udaan candidates who have been offered jobs.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Ministry of Heavy Industries & Public EnterprisesAnant Geete-Minister-MoHI&PEImage Credit – ElecramaStartup Scheme 26: Enhancement of Competitiveness in the Indian Capital Goods SectorLaunched In: November 2015Headed By: Department of Heavy Industries (DHI)Industry Applicable: Chemicals, technology hardware, healthcare & life sciences, aeronautics/aerospace & defence, agriculture, automotive, construction, non-renewable energy, renewable energy, green technology, Internet of Things, nanotechnology, social impact, food & beverages, textiles & apparel.Eligibility: Indian capital goods sector unit or their consortium.Overview: The scheme objective is to boost the Indian economy by making Indian Capital Goods Sector globally competitive. The Technology Acquisition Fund Programme (TAFP) under the scheme provides financial assistance to existing capital goods industrial units for acquiring/ transferring and assimilating advanced technologies and also the development of technologies through contract route, in-house route or through the joint route of contract in order to achieve global standards and competitiveness.Fiscal Incentives: Selected startups will get a one-time grant up to 25% of the cost of the technology acquisition of each technology. Maximum amount given shall not exceed INR 10 Cr.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Ministry of New and Renewable Energy (MNRE)Upendra Tripathi-Minister-MNREStartup Scheme 27: National Clean Energy Fund (NCEF) RefinanceLaunched In: March 2014Headed By: Indian Renewable Energy Development Agency (IREDA)Industry Applicable: Renewable energy, clean energy, green energy plants.Eligibility: To avail this particular scheme by the Indian government, plants should have a minimum two-year operational history, after commissioning of the project and the 2 year’s average PLF (in case if the plant has operated for more than 2 years, then the average PLF of any 2 years) should be at least 20% in case of biomass power and 15% in case of Small Hydro Power (SHP) projects. The project should also have a minimum of average DSCR of 1.1, after taking into account IREDA refinance amount and should be able to service the loan. The project should be revived/operationalised within six months from the date of disbursement.Overview: The scheme aims to revive the operations of the existing biomass power and small hydro power projects by bringing down the cost of funding these projects. This is done by providing refinance at concessional rates of interest, with funds sourced from the National Clean Energy Fund (NCEF).Fiscal Incentives: In terms of the scheme, IREDA would provide funds received from NCEF by way of refinance to scheduled commercial banks and financial institutions (including IREDA). Refinance should not exceed 30% of the loan outstanding, @ 2% interest rate from IREDA to Scheduled commercial banks / FIs (including IREDA) and the same shall be extended by the Banks/FIs to the project developers at the same rate of 2%, subject to, maximum refinance amount INR 15 Cr per project.Time Period: The scheme will be in operation for a period of five years commencing from the financial year 2013-14.To know more about this startup scheme by the Indian Government, click here.Startup Scheme 28: IREDA Scheme For Discounting Energy BillsLaunched In: April 2016Headed By: Indian Renewable Energy Development Agency (IREDA)Industry Applicable: Renewable energy, clean energy, green energyEligibility: The applicant should be an existing borrower of IREDA (Sole/co-financing/consortium financing). The borrowers should not be declared as NPAs by any of the lenders. The discounted amount will be utilised only for clearance of dues of term lenders of the project and also working capital lenders overdue, if any on a pro-rata basis, in terms of financing documents.Overview: This scheme by the Indian government proposes to provide bill discounting facility for the energy bills of Indian Renewable Energy Development Agency (IREDA) borrowers which are pending for payment with Utilities for upto six months.Fiscal Incentives: Upto 75% of the invoice value pending for maximum six months from the date of the application subject to a maximum bill discounting facility of INR 20 Cr. The minimum amount of transaction covering a set of bills shall not be less than INR 1 Cr.Time Period: Terminal date of repayment will be 12 months from disbursement date.To get more information about this startup scheme, one can clickhere.Startup Scheme 29: Bridge Loan Against MNRE Capital SubsidyLaunched In: N/AHeaded By: Bridge Loan Against MNRE Capital SubsidyIndustry Applicable: Renewable energy, clean energy, green energyEligibility: MNRE accredited channel partners, State Nodal Agencies (SNA) and other stakeholders, as approved by MNRE, who have already submitted valid claims of capital subsidy at IREDA, which is pending for the release of payment on account of non-availability of funds, will be eligible under the scheme.Overview: The aim is to provide term loans for renewable energy and energy efficiency projects.Fiscal Incentives: The selected startup or government business projects will get up to 80% of the existing pending eligible capital subsidy claim, as verified by the IREDA with a minimum loan assistance of INR 20 Lakhs. The loan amount to be recovered out of capital subsidy received/to be received from MNRE. The shortfall, if any, will be recovered from the borrower, which will be payable on demand.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 30: Bridge Loan Against Generation-Based Incentive (GBI) ClaimsLaunched In: N/AHeaded By: Indian Renewable Energy Development Agency (IREDA)Industry Applicable: Renewable energy, clean energy, green energyEligibility: Renewable energy developers who have already submitted a valid GBI claim under GBI Scheme with the Indian Renewable Energy Development Agency (IREDA), which is processed and pending for the release of payment on account of non-availability of funds, will be eligible under this scheme.Overview: GBI loans were announced for grid interactive wind and solar power projects. The main aim is to broaden investor base, facilitate the entry of large independent power producers and to provide a level playing field to various classes of investors.Fiscal Incentives: A minimum loan assistance of INR 20 Lakhs is provided under this scheme. Loan amount to be recovered out of GBI proceeds received/to be received from MNRE. A shortfall, if any, will be recovered from the borrower, which will be payable on demand.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 31: Loan for Rooftop Solar PV Power ProjectsLaunched In: July 2015Headed By: Indian Renewable Energy Development Agency (IREDA)Industry Applicable: Renewable energy, clean energy, green energyEligibility: This scheme by the Indian government is available for all grid-connected/interactive solar PV projects located on rooftops. Applications can be submitted under Aggregator Category and Direct Category. For the aggregator category minimum project capacity to be submitted shall be at least 1,000 kWp and a minimum capacity of subprojects under this mode shall not be less than 20 kWp. For the direct category, applicants shall include projects from single roof owners only. Minimum project capacity to be submitted shall be at least 1,000 kWp. Private sector companies/firms, central public sector undertaking (CPSU), state utilities/ discoms/ transcos/ gencos/ corporations and joint sector companies can apply for the loan.Overview: This startup scheme aims to support all grid connected/interactive solar PV projects located on rooftops.Fiscal Incentives: The quantum of a loan from the IREDA shall be 70% of the project cost with minimum promoter’s contribution of 30%. However, the IREDA may extend the loan upto 75% of the project cost based on the credit-worthiness of the promoter, track record, project parameters, etc. The maximum repayment period for the loan shall be up to nine years, with a moratorium period of 12 months from the date of COD of the project. The maximum construction period shall be 12 months from the first disbursement.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 32: Credit Enhancement Guarantee SchemeLaunched In: October 2016Headed By: Indian Renewable Energy Development Agency (IREDA)Industry Applicable: Renewable energy, clean energy, green energyEligibility: Commercially viable, grid-connected renewable energy projects (solar/wind) with a minimum average DSCR of 1.2 can apply under the scheme. Also, the minimum issue size of the proposed bonds should not be less than INR 100 Cr.Overview: This scheme by the Indian government acts as a non-fund partial credit guarantee instrument for project developers/ promoters to raise bonds against commissioned and operationally viable renewable energy projects.Fiscal Incentives: The IREDA will provide credit enhancement by way of unconditional and irrevocable partial credit guarantee to enhance the credit rating of the proposed bonds. The IREDA can extend guarantee upto 25% of the proposed issue size of the bonds and, in any case, it should not be more than 20% of total capitalised project cost. The guarantee fee to be charged by the IREDA shall be in the range of 1.8%-2.9% p.a. of its exposure.Time Period: The guarantee period will be linked with the period for which bonds are issued, the maximum tenure of the project bonds may be upto 15 years.To know more about this startup scheme by the Indian Government, click here.Schemes By Public Sector EnterprisesStartup Scheme 33: Dairy Entrepreneurship Development SchemeLaunched In: 2014Headed By: National Bank for Agriculture and Rural Development (NABARD)Industry Applicable: Agriculture, pets & animals, social impact, food & beverages.Eligibility: Farmers, individual entrepreneurs, NGOs, companies and groups from the unorganised and organised sector can apply under this scheme. An individual will be eligible to avail assistance for all the components under the scheme but only once for each component. More than one member of a family can be assisted under the scheme provided they set up separate units with separate infrastructure at different locations. The distance between the boundaries of two such farms should be at least 500 metres.Overview: This startup scheme by the Indian government aims to bring structural changes in the unorganised sector so that initial processing of milk can be taken up at the village level itself and bring about upgradations of traditional technology to handle milk on a commercial scale.Fiscal Incentives: The incentives differ with respect to the cost of the required equipment or establishment of the facilities. In all cases, 25% of the outlay (33.33 % for SC / ST/ farmers) as back-ended capital subsidy subject to the applicable ceiling is provided to the eligible stakeholders.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 34: 4E (End to End Energy Efficiency)Launched In: September 2016Headed By: Small Industries Development Bank of India (SIDBI)Industry Applicable: Sector-agnosticEligibility: MSME units in the manufacturing or services sector which are in operation for at least three years and have earned cash profit in the last two years of operation are eligible. The startup should not be in default to any bank/FI. The unit should have undergone a process of Detailed Energy Audit (DEA) through a technical agency/consultants having BEE certified Energy Auditors. Furthermore, the Detailed Project Report (DPR) prepared by the technical agency/consultant should have been vetted by the EEC, SIDBI. Also, the unit should not have availed a Performance Linked Grant under the WB-GEF Project for the proposed EE Project and should be in compliance with the Environment & Social Management Framework.Overview: The scheme has been launched jointly by India SME Technology Services Ltd. (ISTSL) in association with the World Bank. The main objective is to implement energy efficiency measures on an end-to-end basis. For meeting part costs of (i) capital expenditure including for the purchase of equipment/machinery, installation, civil works, commissioning, etc. (ii) Any other related expenditure required by the unit, provided it is not more than 50% of (i). The scheme by the Indian government, also, it aims to help startups finance second-hand machinery/equipment for use.Fiscal Incentives: Under the 4E scheme, the MSME unit has to pay only INR 30,000 and applicable taxes and the balance fee will be paid by SIDBI to auditors. Up to 90% of the project cost with minimum loan amount of INR 10 Lakhs and maximum loan amount not to exceed INR 150 Lakhs per eligible borrower can be granted under this scheme. Eligible loan amount should not exceed one-fifth of the total turnover of the applicant unit. Also, the repayment period including initial moratorium period of up to six months, shall not be more than 36 months for loans up to INR 100 Lakhs and 60 months for loans beyond INR 100 Lakhs.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 35: Pradhan Mantri Mudra Yojana (PMMY)Launched In: February 2016Headed By: Micro Units Development and Refinance Agency Ltd. (MUDRA)Industry Applicable: Sector-agnosticEligibility: Non–Corporate Small Business Segment (NCSB) comprising millions of proprietorship / partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits / vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, artisans, food processors and others, in rural and urban areas can apply for the loan. All kinds of manufacturing, trading and service sector activities can get a MUDRA loan.Overview: MUDRA provides refinance support to banks / MFIs for lending to micro units having loan requirement upto INR 10 Lakhs. As per recent media reports, loans extended under the PMMY during 2016-17 have crossed the target of INR 1.8 Lakh Cr. The estimated number of borrowers in this fiscal were more than 4 Cr, of which 70% were women. Furthermore, for the fiscal year 2017-18 the target has been kept at INR 2.44 Lakh Crore for Mudra Loans.Fiscal Incentives: MUDRA offers incentives through these interventions:>Shishu: covering loans upto INR 50,000/-> Kishor: covering loans above INR 50,000/- and upto INR 5 Lakhs> Tarun: covering loans above INR 5 Lakhs and upto INR 10 LakhsGenerally, loans upto INR 10 Lakhs issued by banks under Micro Small Enterprises are given without collateral. Also, within these interventions, MUDRA ensures to meet the requirements of different sectors/business activities as well as business/entrepreneur segments.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 36: Stand Up IndiaLaunched In: April 2016Headed By: Small Industries Development Bank of India (SIDBI)Industry Applicable: Sector-agnosticEligibility: The enterprise can be in trading, manufacturing, or services. In the case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by an SC/ST or woman entrepreneur. The borrower should not be in default to any bank or financial institution.Overview: This scheme by the Indian government facilitates bank loans between INR 10 Lakhs and INR 1 Cr to at least one Scheduled Caste or Scheduled Tribe borrower and at least one women borrower per bank branch for setting up a Greenfield enterprise.Fiscal Incentives: Composite loan between INR 10 Lakhs and INR 1 Cr to cover 75% of the project cost can be taken up, inclusive of the term loan and working capital. The stipulation of the loan being expected to cover 75% of the project cost would not apply if the borrower’s contribution along with convergence support from any other schemes exceeds 25% of the project cost. The rate of interest would be the lowest applicable rate of the bank for that category (rating category) not to exceed (base rate (MCLR) + 3%+ tenor premium).Time Period: The loan is repayable in seven years with a maximum moratorium period of 18 months.To know more about this startup scheme by the Indian Government, click here.Startup Scheme 37: Sustainable Finance SchemeLaunched In: N/AHeaded By: Small Industries Development Bank of India (SIDBI)Industry Applicable: Green Energy, Non-renewable Energy, Technology Hardware, Renewable EnergyEligibility: Renewable energy projects such as solar power plants, wind energy generators, mini hydel power projects, biomass gasifier power plants, etc. for captive/ non-captive use (i.e., power generated is sold/supplied to the grid / off-grid). Any kind of potential CP investments including waste management. Suitable assistance to OEMs which manufacture energy efficient / cleaner production / green machinery/equipment. Either the OEM should be an MSME or it should be supplying its products to a substantial number of MSMEs.Overview: The objective of this startup scheme by the Indian government is to assist the entire value chain of energy efficiency (EE) / cleaner production (CP) and sustainable development projects which lead to significant improvements in EE / CP / sustainable development in the MSMEs and which are presently not covered under the existing sustainable financing lines of credits.Fiscal Incentives: Suitable assistance by way of term loan/working capital to ESCOs implementing EE / CP / Renewable Energy project provided either the ESCO should be an MSME or the unit to which it is offering its services is an MSME. The rate of interest will be applicable on basis of credit rating of MSME’s.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 38: SIDBI Make in India Soft Loan Fund for Micro Small and Medium Enterprises (SMILE)Launched In: August 2015Headed By: Small Industries Development Bank of India (SIDBI)Industry Applicable: Sector-agnosticEligibility: New enterprises in the manufacturing, as well as services sector, can apply under this scheme. Existing enterprises undertaking expansion, modernisation, technology upgradations or other projects for growing their business will also be covered.Overview: The aim of this scheme by the Indian government is to provide a soft loan, in the nature of quasi-equity, and term loan on relatively soft terms to MSMEs to meet the required debt-equity ratio for the establishment of an MSME as also for pursuing opportunities for growth for existing MSMEs.Fiscal Incentives: For general category, 10% of the project cost subject to a maximum of INR 20 Lakhs is provided as the loan amount. It increases to 15% for the enterprises promoted by Scheduled Caste (SC) / Scheduled Tribe (ST) / Persons with Disabilities (PwD), and women, subject to a maximum of INR 30 Lakhs. Persons belonging to these categories must own controlling stake (i.e. 51% or higher).Time Period: On expiry of three years from the date of the first disbursement, the outstanding soft loan together with any dues thereon shall be converted into a secured term loan and the entire loan shall carry an applicable rate of interest as per internal rating of the borrower. The repayment period is generally upto seven years inclusive of the moratorium upto 1-1/2 year for the term loan and upto two years for a soft loan.To know more about this startup scheme by the Indian Government, click here.Image Credits: TopcountStartup Scheme 39: Startup Assistance SchemeLaunched In: N/AHeaded By: Small Industries Development Bank of India (SIDBI)Industry Applicable: Sector-AgnosticEligibility: Early-stage units where revenue has commenced after product acceptance by at least one corporate customer with repeat orders, or in the case of retail consumers, a trend of revenue for six months has been observed. Only those early-stage MSMEs which are defined in the MSMED Act, 2006 (Constitution of the units to be Private Limited Companies) will be considered eligible. These companies, should not, in general, be in existence for more than 5 years; or – not received adequate and regular bank credit facilities (except under the Credit Guarantee Trust for Micro & Small Enterprise or Overdraft against Fixed Deposits); or could have incurred losses in the past years. However, to avail of scheme benefits, a clear plan for profitability (EBIDTA, cash and net level) should be in place over the next two years.Overview: The scheme by the Indian government aims to provide structured financing for ‘startups’ and ‘early-stage enterprises’ mostly in sectors which traditionally do not involve physical assets like technology, biotech, asset-light service sector businesses, web/ mobile-based businesses, clean technologies, social ventures, etc. Innovative business models in other asset-based sectors could also be considered selectively.Fiscal Incentives: The financial assistance provided is need-based, subject to a maximum of INR 200 Lakhs and equity kicker (1%-2% equity on paid up capital at par or a suitably structured kicker). Currently, 14% rate of interest is applicable on the loan amount.Time Period: The loan repayment tenure is upto 7 years including need-based moratorium.To know more about this startup scheme by the Indian Government, click here.Startup Scheme 40: Growth Capital and Equity AssistanceLaunched In: N/AHeaded By: Small Industries Development Bank of India (SIDBI)Industry Applicable: Sector-agnosticEligibility: The eligible stakeholders under this scheme include an MSME as per the definition of Government of India (MSMED Act), SIDBI’s existing customers (meeting internal rating criteria) and units with past three years of profitability and two years of satisfactory banking credit track record (meeting internal credit rating criteria). Acceptable external rating from CRISIL, ICRA, D&B, SMERA etc. would be desirable.Overview: This scheme by the Indian government provides assistance to existing Small and Medium Businesses in need of capital for growth. The assistance is provided in form of mezzanine/convertible instruments, subordinated debt and equity (in deserving cases). This quasi-assistance has a higher moratorium on repayment and a flexible structuring.Fiscal Incentives: Under this scheme, the MSMEs are helped to leverage equity/sub-debt assistance from SIDBI for raising higher debt funds. It also helps to avoid the complexities of enterprise valuation, exit issues etc.– associated with equity investments. Information regardin the amount of growth capital provided to the MSME enterprises is not available.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Ministry of Science & TechnologyStartup Scheme 41: Assistance to Professional Bodies & Seminars/SymposiaLaunched In: N/AHeaded By: Science and Engineering Research Board (SERB)Industry Applicable: Events, chemicals, technology hardware, healthcare & life sciences, aeronautics/aerospace & defence, agriculture, AI, AR/VR (augmented + virtual reality), automotive, telecommunication & networking, computer vision, construction, design, non-renewable energy, renewable energy, green technology, fintech, Internet of Things, nanotechnology, social impact, food & beverages, pets & animals, textiles & apparel.Eligibility: The support is provided to research institutes/ universities/medical and engineering colleges and other academic institutes/professional bodies who organise such events. The applicant should be an Indian citizen residing in India and must hold a regular position in a recognised academic institution or in a national laboratory / recognised R&D institution. Also, he/she should submit the application not earlier than six months and not later than three months, before the date of the event.Overview: SERB extends partial support on a selective basis, for organising seminar/symposia/ training programmes/workshops/conferences at national as well as international level, for the scientific community to keep them abreast of the latest developments in their specific areas. The primary focus of the scheme is to support events having a strong orientation towards scientific research in the areas of basic sciences, engineering, technology, agriculture & medicines.Fiscal Incentives: The incentives include nominal support for pre-operative expenses like domestic travel for young and senior scientists (Indian only), contingencies (stationery items, working tea /lunch, audio-visuals etc.) and pre-conference printing (announcements, abstracts etc.).Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 42: Ayurvedic Biology ProgramLaunched In: N/AHeaded By: Science and Engineering Research Board (SERB)Industry Applicable: Chemicals, healthcare & life sciences, nanotechnology, social impact.Eligibility: Support is provided to research institutes/ universities/medical and engineering colleges and other academic institutes/professional bodies who organise such events. Support is also provided to Indian citizens residing in India, holding a regular academic/research position in a recognised institution. The proposals can be submitted by an individual or by a team of investigators.Overview: SERB supports basic research employing modern biology, immunology, and chemistry to investigate the concepts, procedures, and products of Ayurveda. The current areas of interest include Rasayana and degenerative diseases; Prakriti and human genomics; role of Pathya and nutritional sciences in health and disease; and physiological, immunological and biochemical correlates of traditional Ayurvedic procedures such as Panchakarma.Fiscal Incentives: SERB extends partial financial support, on a selective basis, for organising such domestic events (as well as international). Support is primarily given to encourage participation of young scientists and research professionals in such events along with nominal support for pre-operative expenses like announcements brochures, etc.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 43: Industry Relevant R&DLaunched In: N/AHeaded By: Science and Engineering Research Board (SERB)Industry Applicable: Sector-agnosticEligibility: The academic partner must be an Indian citizen and hold a regular academic/research position in an academic institution or national laboratories or recognised R&D institutions. More than one academic partner may be allowed. For being an industry partner, all industries (including MSME & industrial R&D Centres) are eligible. More than one Industry and or more than one Investigator from one Industry can be associated with a project. He/she should be an Indian citizen residing in India, holding a regular academic/research position in a recognised institution.Overview: SERB aims to support ideas that address a well-defined problem of industrial relevance through this scheme. The proposal is jointly designed and implemented by an academic partner (which includes a partner from national laboratories/recognised R&D institutions, as the case may be) and industry.Fiscal Incentives: The industry share should not be less than 50% of the total budget. Overhead is provided to the academic partner. The SERB share shall not exceed INR 50 Lakhs for a project. The upper cap may be relaxed on a case-to-case basis.The support from SERB shall be extended only to the academic partner and not to the industry. The research grant will be provided for equipment, manpower, consumables, travel, pilot plant study, and any other costs associated with the project.Time Period: First call in a financial year will be made in the first week of June of every year and the window will be opened for submission of research proposals from June 1 to July 31. Funding decision on the proposals will be communicated to the PIs during December and the grant will be released in January-February next year. The second call will be made in the first week of November of every year and the window will be opened for submission of research proposals November 1 to December 1. Funding decision on the proposals will be communicated to the PIs during May next year and the grant will be released in June-July.To know more about this startup scheme by the Indian Government, click here.Startup Scheme 44: High Risk-High Reward ResearchLaunched In: N/AHeaded By: Science and Engineering Research Board (SERB)Industry Applicable: Chemicals, technology hardware, healthcare & life sciences, aeronautics/aerospace & defence, agriculture, AI, AR/VR (augmented + virtual reality), automotive, telecommunication & networking, computer vision, construction, design, non-renewable energy, renewable energy, green technology, fintech, Internet of Things, nanotechnology, social impact, food & beverages, pets & animals, textiles & apparel.Eligibility: Indian citizen residing in India, holding a regular academic/research position in a recognised institution can apply under this scheme. The proposals can be submitted by an individual or by a team of investigators.Overview: SERB aims at supporting proposals that are conceptually new and risky, and if successful, expected to have a paradigm-shifting influence on science and technology. Proposals that address scientific issues which will result in ‘incremental’ knowledge will not be supported.Fiscal Incentives: The research grant covers equipment, consumables, contingency and travels apart from overhead grants. No budget limit is prescribed for these projects.Time Period: First call in a financial year will be made in the first week of June of every year and the window will be opened for submission of research proposals from June 1 to July 31. Funding decision on the proposals will be communicated to the PIs during December and the grant will be released in January-February next year. The second call will be made in the first week of November of every year and the window will be opened for submission of research proposals November 1 to December 31. Funding decision on the proposals will be communicated to the PIs during May next year and the grant will be released in June-July.To know more about this startup scheme by the Indian Government, click here.Startup Scheme 45: Technology Development Programme (TDP)Launched In: N/AHeaded By: Science and Engineering Research Board (SERB)Industry Applicable: Chemicals, technology hardware, healthcare & life sciences, aeronautics/aerospace & defence, agriculture, AI, AR/VR (augmented + virtual reality), automotive, telecommunication & networking, computer vision, construction, design, non-renewable energy, renewable energy, green technology, fintech, Internet of Things, nanotechnology, social impact, food & beverages, pets & animals, textiles & apparel.Eligibility: Scientists, engineers, or technologists working in academic institutions, registered societies, R&D institutions, laboratories having adequate infrastructure & facilities to carry out technology development work as well as prototype building.Overview: The mandate of Technology Development Programmes (TDP) is to convert proof-of-concepts for the development of pre-competitive/commercial technologies/ techniques/ processes. Some of the typical areas in which proposals can be submitted are glass, ceramics, molecular/ biomolecular electronics, polymer and biosensors, waste (plastic, hospital & electronic) utilisation and management, laser/ plasmas/ microwave technology, alternate fuels, fuel conservation, efficient utilisation of fuels, civil infrastructure technologies etc.Fiscal Incentives: Institutions under this scheme get support for project staff salaries, equipment, supplies and consumables, contingency expenditure, patent filing charges, outsourcing charges, internal travel, fabrication costs, testing charges, overheads, etc.For Industry, the only cost of consumables up to 50% has been approved while for Institution/Industry Joint Programmes, support to the Industry up to 50% of the cost of consumables is provided.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 46: National Science & Technology Management Information System (NSTMIS)Launched In: N/AHeaded By: Department of Science and Technology (DST)Industry Applicable: Chemicals, technology hardware, healthcare & life sciences, aeronautics/aerospace & defence, agriculture, AI, AR/VR (augmented + virtual reality), automotive, telecommunication & networking, computer vision, construction, design, non-renewable energy, renewable energy, green technology, fintech, Internet of Things, nanotechnology, social impact, food & beverages, pets & animals, textiles & apparel.Eligibility: Scientists & Technologists; Statisticians and economists; Sociologists; as well as Development/ Planning/ Policy Experts, Management Specialists etc. from academic/research institutions, registered societies, voluntary agencies (NGOs), professional bodies & consulting organisations etc. can apply under this scheme.Overview: DST under this scheme sponsors research projects/studies to interested investigators/organisations where studies could be taken up in the areas of S&T investment, S&T infrastructure, S&T output, S&T databases, S&T manpower, R&D productivity/efficiency etc.Fiscal Incentives: Grant-in-aid is provided for projects. Also, overheads on projects are provided at the rate of 10% of the total project cost for educational institutions and NGOs and 8% for laboratories & institutions under Central Government departments/agencies.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 47: Biotechnology Industry Partnership Programme (BIPP)Launched In: N/AHeaded By: Biotechnology Industry Research Assistance Council (BIRAC)Industry Applicable: Healthcare & life sciencesEligibility: An Indian company, whether small, medium, or large with a DSIR-recognised in-house R&D unit, is eligible under this scheme. Also, a joint association of an Indian company and national R&D organisations and institutions; as well as a group of Indian companies along with national research organisations etc. are eligible.Overview: The scheme is a government partnership with industries for support on a cost-sharing basis for path-breaking research in frontier futuristic technology areas having major economic potential and making the Indian industry globally competitive. It is focussed on IP creation with ownership retained by Indian industry and, wherever relevant, by collaborating scientists.Fiscal Incentives: The eligible stakeholders are provided support for high-risk, accelerated technology development especially in futuristic technologies. Support is also provided for companies working in very high-risk, nationally- and socially-relevant areas, with no assured market. It provides for product evaluation and validation through support for limited and large-scale field trial for agriculture products and clinical trials (Phase I, II, III) for health care products and also supports research project for novel IP generation.Time Period: There are three calls for proposals in a year: February 15–March 31, June 15–July 31 and October 15–November 30.To know more about this startup scheme by the Indian Government, click here.Startup Scheme 48: Industry Innovation Programme on Medical Electronics (IIPME)Launched In: N/AHeaded By: Biotechnology Industry Research Assistance Council (BIRAC)Industry Applicable: Healthcare & life sciencesEligibility: Indian startups which are less than three years old from date of advertisement which have 51% ownership, Indian LLPs and those which have Department of Scientific and Industrial Research (DSIR) Recognition (only for early transition & transition to scale) are eligible to apply under the scheme.Overview: BIRAC aims to promote and foster cutting-edge technologies in the field of medical electronics through this scheme. The project IIPME is a partnership project between the Department of Electronics and Information Technology, Ministry of Communications and Information Technology, Government of India, and Biotechnology Industry Research Assistance Council, a public sector undertaking of the Department of Biotechnology, Ministry of Science and Technology, Government of India.Fiscal Incentives: The loan and grant are provided according to the startup stage. The Seed Grant (Idea to PoC) is INR 50 Lakhs for 18 months, early transitions funding include INR 100 Lakhs for 24 months and for those transitioning to scale, a mix of grant & loan for 24 Months is provided.Time Period: The call for application is made three times a year, with evaluation cycle starting from July 10, November 10, & March 10 in the specified order.To know more about this startup scheme by the Indian Government, click here.Startup Scheme 49: Extra Mural Research FundingLaunched In: N/AHeaded By: Science and Engineering Research Board (SERB)Industry Applicable: Chemicals, technology hardware, healthcare & life sciences, aeronautics/aerospace & defence, agriculture, AI, AR/VR (augmented + virtual reality), automotive, telecommunication & networking, computer vision, construction, design, non-renewable energy, renewable energy, green technology, fintech, Internet of Things, nanotechnology, social impact, food & beverages, pets & animals, textiles & apparel.Eligibility: Indian citizen residing in India, holding a regular academic/research position in a recognised institution can apply. The proposals can be submitted by an individual or by a team of investigators. The proposal will be funded if it has novelty and the investigator has the competence to execute the project.Overview: The Board funds all the areas of science and engineering without discriminating between disciplines for EMR projects.Fiscal Incentives: The research grant covers equipment, consumables, contingency and travels apart from overhead grants. No budget limit is prescribed. The budget is decided based on the requirement for its successful implementation. The Investigator should propose a budget which is realistic, taking into account, the infrastructure and resources available at the implementing institutions. The average cost of the EMR project is INR 35 Lakhs for a duration of three years.Time Period: Funding is provided normally for a period of three years.To know more about this startup scheme by the Indian Government, click here.Startup Scheme 50: SPARSH (Social Innovation programme for Products: Affordable & Relevant to Societal Health)Launched In: N/AHeaded By: BIRACIndustry Applicable: Healthcare & life sciencesEligibility: If at idea and PoC stage:> Biotechnology Indian startups should be incorporated under the Indian Companies Act and have a minimum of 51% Indian Ownership. Plus, they should be less than three years old as on the date of advertisement/ Indian entrepreneurs (Indian citizen willing to form a Company as per Indian Law).> Limited Liability Partnership (LLP) should be incorporated under the Limited Liability Partnership Act, 2008. Plus, it should be less than three years old as on the date of advertisement, having a minimum half of the persons who subscribed their names to the LLP document as its Partners should be Indian citizens.> Indian academic scientists, researchers, PhDs, medical degree holders, biomedical engineering graduates (who must be willing to incubate in a business incubator).>Proprietorship concern established by an Indian citizen and a Certificate/license should be issued by the municipal authorities/ under the Shop & Establishment Act /under other relevant statutes.> No DSIR certification is required.If at Proof of Concept to Validation stage:> Companies incorporated under the Indian Companies Act having a minimum of 51% Indian ownership.> DSIR recognition> Limited Liability Partnership (LLP) incorporated under the Limited Liability Partnership Act, 2008> Indian institution/ universities/ public research organisation who can become co‐applicants along with the company/LLP as main applicant established in India and having NAAC/ UGC/ AICTE or any equivalent recognition certificate.– Partnership firms/society/ Trust/ NGO/ foundation/ association established in India under the relevant Indian Law, having at least half of the stakeholders (partners/ trustees/ members/ associates etc) as Indians.Furthermore, access to Innovative Pilot Scale Delivery Models is provided only to:> Companies incorporated under the Indian Companies Act having a minimum of 51% Indian ownership.>DSIR recognition.>The product should have gained necessary approvals from the concerned regulatory authority (‐ies) for pilot studies.>It is desirous that the projects show partnership or a consortium of product/service innovator Company, an implementer/deployer (research foundations, Section 25 companies etc) and clinical partner(s). Any such partner for execution/ implementation can become a co‐Applicant in the proposal.Overview: The scheme intends to create a pool of social innovators in the biotech arena who will identify specific needs and gaps in health care. The social innovators will be provided financial and technical support for developing market-based solutions that have potential to bring cost effective health care breakthroughs to vulnerable populations in particular.Fiscal Incentives: For startups at the idea to proof of concept (PoC) stage, grant‐in‐aid up to INR 50 Lakhs for a period up to 18 months is available. For those at the proof of concept to validation stage, the amount remains the same but the time period increases to 24 months. In the case of access to Innovative Pilot Scale Delivery Models – grant‐in‐aid for a period up to 24 months is provided. The project cost sanctioned for the company would be matched equally by BIRAC and the company.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 51: Promoting Innovations in Individuals, Startups and MSMEs (PRISM)Launched In: N/AHeaded By: Council of Scientific & Industrial ResearchIndustry Applicable: Sector-agnosticEligibility: The scheme runs in two phases. For PRISM I, any Indian citizen including student innovators can apply. For PRISM II, PRISM innovators or innovators who have successfully demonstrated proof of concept with the support of government institution/agency; PRISM-R&D proposals and public funded – R&D institutes/ autonomous institutions/ laboratories/ academic institutes etc. are eligible.Overview: The scheme provides grants, technical guidance and mentoring to individual innovators by incubating their idea towards the creation of new enterprises in phases. It also provides grant-in-aid support to technology solution providers developing technology solutions aimed at helping MSME cluster.Fiscal Incentives:>PRISM Phase-I Category-I: For proof of concept/prototype/models, with project cost upto INR 5 Lakhs, a maximum of INR 2 Lakhs or 90% of the total project cost (whichever is less) is provided.> PRISM Phase-I, Category-II: For fabrication of working model/ process know-how/testing & trail/ patenting/ technology transfer, etc. with a project costing between INR 5 Lakhs to INR 35 Lakhs, a maximum of INR 20 Lakhs or 90% of the total project cost (whichever is less) is given.>Prism-Phase-II: Enterprise incubation, with a project costing between INR 35 Lakhs and INR 100 Lakhs, up to INR 50 Lakh limited to 50% of the total project cost is provided.> For PRISM-R&D Proposals, up to INR 50 Lakhs limited to 50% of the total project cost is given.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 52: Science and Technology of Yoga and Meditation (SATYAM)Launched In: N/AHeaded By: Department of Science and Technology (DST)Industry Applicable: Healthcare & life sciencesEligibility: Scientists/academicians with research background in ‘Yoga and Meditation’ and having a regular position, plus practitioners actively involved in yoga and meditation practices in collaboration with academic and research institutions of repute are eligible to apply.Overview: SATYAM aims at investigations on the effect of Yoga and Meditation on – physical and mental health and well being, body, brain, and mind in terms of basic processes and mechanisms. The scheme has been launched under the DST’s Cognitive Science Research Initiative (CSRI).Fiscal Incentives: Not specified.Time Period: The scheme supports research projects for a maximum period of three years.To know more about, this startup scheme by the Indian Government, click here.Startup Scheme 53: Rapid Grant for Young Investigator (RGYI)Launched In: N/AHeaded By: Department of Biotechnology (DBT)Industry Applicable: Healthcare & life sciencesEligibility: The Principal Investigator should be below 40 years holding an independent position (and within 10 years of receiving a PhD). Each application should have Co-PI (preferably below 50 years) with prior experience in grant management. Also, applicants must be from non-profit organisations and should have demonstrated a promising track-record of early achievements appropriate to his/her research field and career stage, including significant publications (as the main author) in international, peer-reviewed, scientific journals.Overview: The scheme fosters creative research in various fields of biotechnology (medical, agriculture, animal biotech, environment and industry, etc.) to enhance the early career development of young investigators. The programme aims to provide the first extramural grant to establish labs and initiate research in the frontier areas of biotechnology.Fiscal Incentives: RGYI provides startup grants to young investigators across the country working in different settings such as central government funded institutions, state government-funded university departments, scientists at DSIR-approved private institutions etc.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Startup Scheme 54: Biotechnology Ignition Grant (BIG)Launched In: N/AHeaded By: Biotechnology Industry Research Assistance Council (BIRAC)Industry Applicable: Healthcare & life sciencesEligibility: The Applicant should be an Indian citizen and has to be physically incubated in an incubator and produce a recommendation. They must provide termination for full-time association of project. Applicants from non-profit/research organisation need to furnish an NOC. The Promoter/shareholder of any LLP is not eligible.Overview: BIRAC believes in novel ideas that have a commercialisation potential and that evolve from startups or academic spin-offs. This scheme aims to support those ideas which have an unmet need for funding and mentorship. It promotes basically the technology ideas relating to medical/health biotechnology, biopharma and medical devices/biomaterials/diagnostics, agro, biotechnology and animal/marine biotechnology, industrial/ environmental biotechnology and biomass value addition via biotechnology, biotechnology-based services/reagents/supplies, bioinformatics and bio-IT interface etc.Fiscal Incentives: Up to INR 50 Lakhs for research projects with a commercialisation potential with duration of up to 18 months are provided.Time Period: N/ATo know more about this startup scheme by the Indian Government, click here.Editor’s NoteIt has been 70 years since India achieved independence. And every government since then have made an effort to promote skill-based trade and entrepreneurship in India. But, it was only in the 2000s and the launch of companies such as Flipkart and One97 Communications (which runs Paytm) that ‘startups’ as a term, a career and way of life gained any legitimacy.To this end, the Indian government, under the leadership of Prime Minister Modi, has done its utmost to enable and empower Indian startups. Whether it’s funding support, tax rebates, mentorship or guiding platforms like Startup India Hub, startups are being provided tiered support. Although, if we go by numbers then, to date, only 1333 applicants have been recognised as startups by the DIPP while only 39 Indian startups have been approved for availing tax benefits by IMB, as of 2nd week of June 2017.But, with recent announcements like the formation of 1,000 tinkering labs at a school level and Nirmala Sitharaman’s appeal to local MPs to create more and more coworking spaces in constituencies, has created an increased wave of positivity. Also, the Indian government’s recent attempts to build exchange programmes with foreign startups in countries like Germany, SAARC nations, will further open new doors of opportunities for the stakeholders in the startup ecosystem. One of the most important reasons for starting a business – job creation – has now become part of the startup lexicon due to efforts of the Indian government.There are 50+ startup schemes available to interested individuals and entities or startups that they can benefit from. Be it Indian startups having a product or service in an idea stage, a pilot model stage or running full-scale businesses. Academics (especially STEM fields) too have been given due consideration. But, the fact remains that stakeholders need to be made aware of these programmes and initiatives and the bureaucratic red tape involved in getting these benefits need to be reduced too. The present Indian government has less than two years before a new regime comes to power. It remains to be seen what benefits, startup schemes and startup-centric initiatives will it undertake in order to realise the vision of ‘Startup India Stand Up India.’

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you only need to enter Pay and/or deduction information when there are changesPro-rata calculations for employees based on AbsenteeismProcess & Print Payslips for groups or for selected employeesLock month facility to avoid changes in Processed DataSalary Reports (Payslip & Salary Sheet)Automatically calculates all the income, deductions & Company Contributions as per the requirementRegular Payslips (with Logo) can be viewed or EmailedReimbursement Payslips can be viewed or EmailedUser defined Salary Sheets can be viewedGenerates Cash / Cheque / Bank Transfer ListGenerate Bank Statement, Direct Electronic Bank transfer files & Covering Letter for BanksYTD salary Sheet & Summary of each employeeSeparate Payslips can be generated for Arrears, Medical, Reimbursement & LTBank TransferBank Transfer Statement facility available for all the banksSoft copy format also available in Excel or any format specified by different banksBank Transfer Statements can be generated for both Regular, Reimbursement Payments & Supplementary PaymentsCovering LettersCheque / Bank Transfer / Cash ListReimbursement ManagementMultiple Reimbursement Components like Medical , LTA & Customizable Reimbursement ComponentsUpper limits can be specified – Employee wise or Grade wiseAnnual Limits or Monthly AccrualsOpening Balance, Entitlement, Amount Reimbursed and Balance amount can be checkedReimbursement Payslips, Bank transfer statement for Reimbursement ComponentArrears CalculationArrears calculation for any previous period / Retrospective effectSeparate Payslips can be generated for the Arrears ComponentsBank transfer statement for Arrears ComponentOther PaymentsOvertime CalculationGratuity, Bonus & Exgratia CalculationReimbursement - 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