{"id":43160,"date":"2022-05-10T11:59:59","date_gmt":"2022-05-10T06:29:59","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=43160"},"modified":"2022-05-10T12:01:27","modified_gmt":"2022-05-10T06:31:27","slug":"samridh-scheme-for-startups-in-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/samridh-scheme-for-startups-in-india\/","title":{"rendered":"SAMRIDH Scheme for Startups in India: Explained"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The\nGovernment of India releases various schemes to advocate entrepreneurship and\nempower startup ventures. This write-up will discuss the MeitY SAMRIDH Scheme\nthat serves the same purpose.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/samridh-scheme-for-startups-in-india\/#An_Overview_of_the_SAMRIDH_Scheme_2022\" >An Overview of the SAMRIDH Scheme 2022<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/samridh-scheme-for-startups-in-india\/#Objectives_of_SAMRIDH_Scheme\" >Objectives of SAMRIDH Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/samridh-scheme-for-startups-in-india\/#Benefits_and_Features_Of_the_SAMRIDH_Scheme\" >Benefits and Features Of the SAMRIDH Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/samridh-scheme-for-startups-in-india\/#Implementing_Agency_Of_SAMRIDH_Scheme\" >Implementing Agency Of SAMRIDH Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/samridh-scheme-for-startups-in-india\/#Eligibility_Criteria_underpins_under_the_SAMRIDH_Scheme\" >Eligibility Criteria underpins under the SAMRIDH Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/samridh-scheme-for-startups-in-india\/#Required_Documents_to_apply_for_the_Scheme\" >Required Documents to apply for the Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/samridh-scheme-for-startups-in-india\/#An_overview_of_Accelerators_selection_criteria\" >An overview of Accelerators selection criteria<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/samridh-scheme-for-startups-in-india\/#Selection_Procedure_of_Accelerators\" >Selection Procedure of Accelerators<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/corpbiz.io\/learning\/samridh-scheme-for-startups-in-india\/#Services_and_Activities_of_Accelerator\" >Services and Activities of Accelerator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/corpbiz.io\/learning\/samridh-scheme-for-startups-in-india\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"An_Overview_of_the_SAMRIDH_Scheme_2022\"><\/span>An Overview of the SAMRIDH Scheme 2022<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The\nGovernment of India facilitates many benefits in the form of financial aid and\ninitiative to give momentum to the startup ecosystem. MeitY SAMRIDH Scheme is a\npart of the government&#8217;s initiative to encourage software startups with\nground-breaking solutions via required fiscal support. Ministry Of Electronics\nAnd Information Technology releases this Scheme. <\/p>\n\n\n\n<p>The\nScheme can be of great help for startups looking to improve their product and\nscale their business. The prevailing and upcoming accelerators shall be\nprovided bolster for augmenting their services. The GOI is going to facilitate\nfunding up to forty lacs rupees under this Scheme as per their ongoing\nvaluation and growth stage via accelerators.<\/p>\n\n\n\n<p>The\naccelerators can register on the web portal to become partners with MeitY and\nfacilitate a startup accelerator program for the duration of 6 months every\nyear. This Scheme shall bolster around 300 tech startups via 40 cohorts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Objectives_of_SAMRIDH_Scheme\"><\/span>Objectives of SAMRIDH Scheme<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It is well-known that most startups fail to continue their business journey in the initial phase owing to a lack of required funding and an under developed skill set. MeitY SAMRIDH Scheme seeks to restore the same issues. <\/p>\n\n\n\n<p>The\nfundamental object of this Scheme is to facilitate financial aid to the\nstartups so that they can keep their business affairs with ease. Apart from the\nfunding support, the said Scheme aims to facilitate the required skillsets for\nthe entrepreneurs.<\/p>\n\n\n\n<p>Acceleration\nshall be facilitated to startups by rendering customer connect, international\nconnect and international connect services. <\/p>\n\n\n\n<p>This\nScheme can give required momentum to the startup ecosystem. Now the startups\nwill have access to funding that will help them grow their business. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_and_Features_Of_the_SAMRIDH_Scheme\"><\/span>Benefits and Features Of the SAMRIDH Scheme<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>MeitY SAMRIDH scheme aims at providing financial\naid to software startups in India. Through this Scheme, the GOI is going to\nstimulate the startup ecosystem&#8217;s growth. <\/li><li>This Scheme shall encourage a lot of people to\ncommence their business journey. The Ministry of electronics and information\ntechnology administers all the affairs related to this Scheme. <\/li><li>The Scheme ensures that the worthy startups get\nthe required funding to improve their product and scale their business. Under\nthis Scheme, the prevailing and imminent accelerators shall be provided bolster\nfor augmenting their services.<\/li><li>The financial support of up to Rs 40 lacs shall\nbe available to startups based on their ongoing valuation and growth stage to\naccelerators. The accelerators can apply online to peg a partnership MeitY with\nand provide a startup accelerator program for six months duration every year. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Implementing_Agency_Of_SAMRIDH_Scheme\"><\/span>Implementing Agency Of SAMRIDH Scheme<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>SAMRIDH\nScheme shall come to effect via MeitY startup Hub<\/li><li>Implementing\nagencies shall constitute a project management unit.<\/li><li>This\nunit shall be liable for this screen&#8217;s implementation. <\/li><li>MeitY\nstartup hub shall acquire equity in a startup for government contribution via\nsafe or promissory note as an accelerator which shall use for the\nself-sustainability of the program.<\/li><li>Scheme\nManagement Committee shall administer all aspects relating to the Scheme&#8217;s\nimplementation. <\/li><li>The scheme management committee shall be liable\nfor evaluating the progress of the program in terms of its goal from time to\ntime. <\/li><\/ul>\n\n\n\n<p><strong><em>This\ncommittee is also liable for rendering; <\/em><\/strong><\/p>\n\n\n\n<p>Guidance\nfor the improvement of the program<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Eligibility_Criteria_underpins_under_the_SAMRIDH_Scheme\"><\/span>Eligibility Criteria underpins under the SAMRIDH Scheme <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The\naccelerator should have an association with the incubation business for more\nthan three years. Accelerator must have assisted a minimum of 50 startups, of\nwhich at least ten have pegged non-public investment or having targeted\naccelerator with a track record of running at least three cohorts with\nundertakings as prescribed. <\/p>\n\n\n\n<p><strong><em>The\naccelerators much have; <\/em><\/strong><\/p>\n\n\n\n<ul><li>Adequate space and infrastructure to perform activities of startup<\/li><li>demonstration capability relating to; <\/li><li>Structure cohort for boosting deep-tech software product startup<\/li><li>Association with a prominent business mentor <\/li><li>Network\/connect with Angel investor\/ <strong>venture capitalist<\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Venture_capital\"><strong>[1]<\/strong><\/a><\/sup><\/li><li>Supporting startups for local and global market immersion <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Required_Documents_to_apply_for_the_Scheme\"><\/span>Required Documents to apply for the Scheme <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Certificate\nof residence <\/li><li>Income\ncertificate<\/li><li>Passport\nsize photograph<\/li><li>Bank\naccount details<\/li><li>Phone number<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"An_overview_of_Accelerators_selection_criteria\"><\/span>An overview of Accelerators selection criteria<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The\nimplementing agencies will allow eligible accelerators to share their\nexpression of interest.<\/li><li>An\nexpert committee shall be liable for choosing the accelerators and comprising\nofficials of GOI, industry and investors.<\/li><li>Those accelerators having experience in\noperating cohorts shall top the priority list. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Selection_Procedure_of_Accelerators\"><\/span>Selection Procedure of Accelerators<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The implementing avenues shall expression of invite\ninterest from the worthy accelerators.<\/li><\/ul>\n\n\n\n<ul><li>The expert committee shall be liable for\nchoosing the accelerators and comprising officials from government, industry\nand investors.<\/li><li>Accelerators with experience in running cohorts\nshall be prioritized, among others. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Services_and_Activities_of_Accelerator\"><\/span>Services and Activities of Accelerator<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To fit\nthe requirements of each startup, the accelerator shall be assigned the task of\ndeveloping customized acceleration programs in the cohort and facilitating\nservices that range from consumer connect, investor connect, product\nenhancement, capacity enhancement, etc. <\/p>\n\n\n\n<p>The\nbudget assigned to aforesaid undertakings is 2 lakh\/startup to a maximum of Rs\n20 lac\/cohort. <\/p>\n\n\n\n<p>In each\nof the accelerator-shortlisted cohorts, a max of 10 startups and a mini of 5\nstartups can be supported if they are serving the prescribed area of domain. <\/p>\n\n\n\n<p><strong><em>Given\nare the services which shall be provided to the startups: <\/em><\/strong><\/p>\n\n\n\n<ul><li>Expert analysis for market research &amp; product positioning <\/li><li>Co learning<\/li><li>Expert tracking of startups on the basis of tech vertical<\/li><li>Legal aid for all concerns: IP, in cooperation and other subject matters <\/li><li>Connected learning, networking via a shared platform <\/li><li>Weekly based meeting of <a href=\"https:\/\/corpbiz.io\/startup-india-registration\"><strong>startups<\/strong><\/a> founders <\/li><li>Demo day: presentation to Venture capitalists and Angel investors<\/li><li>Aid startups in closing deals with VCs and Angel investors<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>SAMRIDH Scheme targets various pain points that act as a deterrent for startups in the software domain. From experts\u2019 facilitation for market study to the availability of funding sources, SAMRIDH Scheme serves as a comprehensive aid for startups that are willing to thrive and explore market opportunities. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our Article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/ireda-ncef-refinance-scheme\/\">IREDA NCEF Refinance Scheme (Revised Version)<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Government of India releases various schemes to advocate entrepreneurship and empower startup ventures. This write-up will discuss the MeitY SAMRIDH Scheme that serves the same purpose. An Overview of the SAMRIDH Scheme 2022 The Government of India facilitates many benefits in the form of financial aid and initiative to give momentum to the startup [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":43163,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[153],"tags":[2331],"acf":{"service_id":"410"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":5320,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/43160"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=43160"}],"version-history":[{"count":15,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/43160\/revisions"}],"predecessor-version":[{"id":43176,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/43160\/revisions\/43176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/43163"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=43160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=43160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=43160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}