The Ministry of Electronics and Information Technology launched the MeitY SAMRIDH Scheme with the aim to support startup enterprises. With the help of this scheme, the startups will be able to grow as they will receive financial help. All the problems that start-ups faced related to funding will be reduced with the help of this scheme. It will help entrepreneurs to make progress in their startups. This program will also aid to boost the start-up ecosystem in the country. The program will be providing skill sets to the entrepreneurs.
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MeitY SAMRIDH Scheme 2023
Entrepreneurs start their own start-ups and they need funds for smooth functioning. So, to help the entrepreneurs in funding this scheme started. This will provide a platform to the startups through which they can improve their product and secure investment for their business. The entrepreneurs will also be able to extend their services. The authorities decided to give funding up to Rs 40 lakh to startups based on their current valuation and growth stage through accelerators. To become partners with MeitY the accelerators can apply online.
MeitY SAMRIDH Scheme Highlights
| Scheme Name | MeitY SAMRIDH Scheme |
| Launched By | Ministry of Electronics & Information Technology |
| Year | 2023 |
| Beneficiaries | Startups |
| Application Procedure | Online/Offline |
| Objective | To Provide Funding to The Startups |
| Benefits | Rs 40 Lakh |
| Category | Central Government Scheme |
| Official Website | https://meitystartuphub.in/ |
Objectives of the MeitY SAMRIDH Scheme
Friends, as you all must be aware that very often startups get closed within 4 years of incorporation. Not because of poor quality of products but because of a lack of investment or underdeveloped skills. Keeping this problem in mind, the Government of India has launched the MeitY SAMRIDH Scheme. The main objective of the MeitY SAMRIDH Scheme is to provide funding support to startups. so that he may be successful. Entrepreneurs will not only be provided with financing help but skill sets will also be provided through this scheme. Acceleration will be provided by providing customer connect, investor connects and international connect services to startups. This scheme will prove to be a boon in taking forward the startup ecosystem. Now entrepreneurs will get funding which will help them in expanding their businesses.
MeitY SAMRIDH Scheme Benefits
- Ministry of Electronics & Information Technology implemented the MeitY SAMRIDH Scheme by keeping in mind the need for funds in the business.
- This scheme will encourage lots of people to start their own businesses.
- Now with the help of this plan, it will be very convenient for the individual to begin a new business as they will get financial support from the government.
- The brilliant ideas for the business will not be wasted, as now they will receive full support from the government.
- The government fixed an amount of Rs 40 lakh to support the entrepreneurs.
Implementing Agency of MeitY SAMRIDH Scheme
- The government made an announcement that MeitY SAMRIDH Scheme will be implemented with the help of the MeitY Startup Hub.
- It is decided that a project management unit will be made that will work as a helping hand for this scheme.
- The Scheme Management Committee will be given all the responsibility to supervise all aspects related to the effective implementation of the scheme.
- This Committee will also review the progress of the program.
- The Scheme Management Committee will also inform about if there is any need for any changes in the program.
Startup India Seed Fund Scheme
The process to Choose an Accelerator
- The agencies of the scheme will invite the expression of interest of the eligible accelerators.
- the expert committee will take decisions about the selection of the accelerators.
- The priority will be given to experienced accelerators.
Eligibilities
- The entrepreneurs should be residents of the country.
- The Accelerator should have operations in India.
- It is needed that the Accelerator must have been in the business of incubation for more than 3 years.
- The accelerator should have given support to a minimum of 50 startups.
- Out of 5010 startups should have received non-public investment or 3 groups should be run together with desirable activities under SAMRIDH Scheme.
- It is necessary for the accelerators to have space and infrastructure to perform the activities of a startup.
- Should have demonstration capability with regard to
- Structure cohort for accelerating deep tech software product startup
- Onboarded with a leading business mentor
- Network/connect with venture capitalists/Angel investor
- Supporting startups for domestic and international market immersion
Credit Guarantee Scheme for Startups
Important Required Documents
- Adhar Card
- Residence Certificate
- Income Certificate
- Bank Account Details
- Passport Size Photograph
- Mobile Number
Procedure to Register as Startups Under MeitY SAMRIDH Scheme
- Visit the official website of the Ministry of Electronics and Information Technology Startup Hub.
- the home page of the website will open on the screen.
- On the homepage, you are required to click on the register under the startup section.
- The registration page will appear before you.
- Enter the information asked on this page carefully.
- Name of entity
- Website
- Registration Status with Startup India Scheme
- group size
- Forum
- Funding Type
- Short Description
- registered address
- Country
- state
- City
- Pin Code
- Company representative name
- company representative email
- phone number etc.
- Then upload the company logo.
- Now you must click on the submit option on the screen.
- By following this procedure, you can register as a startup
Procedure to Startup Login
- Go to the official website of the Ministry of Electronics and Information Technology Startup Hub.
- The homepage of the website will appear on the screen.
- Click on the option of login from the section of the startup.
- Now the next page will open on the screen.
- Enter the details of the requested information such as username and password on this page.
- after that click on the Sign In option on the screen.
- In this way, you can log in to the startup.
Register As an Incubator
- Go to the official website of the Ministry of Electronics and Information Technology Startup Hub.
- The homepage of the website will open on the screen.
- Click on the option to register from the incubator section on the home page.
- now you will see the registration page on the screen.
- upload the company logo on this page.
- Also, enter the details of all the information asked like
- Legal Entity Name
- Name Of Incubation Center
- Registration Number
- Website
- Legal Status
- Meteorology Affiliated with University or Research and Development Organization
- Registered Address
- Major Currency
- Country
- State
- City
- Total No. Of Seats
- Heating Space Available
- Workspace
- CEO Name
- Mobile Number
- Authorized Signatory Name
- Contact Person Email
- Post
- Contact Person Name
- Contact Person’s Mobile Number Etc.
- After providing all the details click on the submit option.
- By following these steps, you can register as an incubator.
Procedure To do Incubator Login
- Go to the official website of the Ministry of Electronics and Information Technology Startup Hub.
- The homepage of the website will open on the screen.
- Click on the login option from the section of the incubator on the home page.
- The next page will open on the screen.
- Enter the details of all the asked information such as username and password on this page.
- Then click on the sign-in option.
- By following this way, you can log in to the incubator.
Contact Us
- Go to the official website of the ministry of electronics and information technology startup hub.
- The home page of the website will appear on the screen.
- Click on the reach us option on the home page.
- A new page will open on the screen.
- Enter your name email id and message on this new page.
- Then you must click on submit option on the screen.
Contact Information
If any individual needs any additional option, then he can contact on given details-:
MeitY Startup Hub
- Address- Room Number: 2214, Ministry of Electronics and Information Technology, Electronics Niketan, 6, CGO Complex, Lodhi Road, New Delhi-110-003
- Phone: +91-11-24301715/24364799
- Email: meity-sthub@gov.in
MSH Related Query
- Email: meity-sthub@gov.in
- Telephone: +91-11-24301419
MeitY Startup Hub
- For any technical query +91-11-24301419
Conclusion
The scheme will help to promote and empower startup ventures. It will also help in increasing economic growth and employment in the country. People who have brilliant business ideas will receive support from this scheme.