MeitY Samridh Scheme 2021 – Startup Accelerators of MeitY for Product Innovation, Development and Growth


Central authorities has launched Startup Accelerators of MeitY for Product Innovation or Samridh Scheme. Minister of Electronics and Information Technology (MeitY) will assist startups and entrepreneurs within the preliminary section of Samridh Yojana. In this text, we are going to let you know in regards to the full particulars of Samridh Scheme together with launch particulars, implementation amongst others.

What is MeitY Samridh Scheme 2021

As everyone knows that startups / entrepreneurs faces numerous challenges of their preliminary section. So to deal with this drawback, MeitY Samridh Scheme 2021 has been launched by the Union govt. of India. Startup Accelerators of MeitY for pRoduct Innovation has been launched to supply help to startups and to assist them in prospering.

Short Brief of Samridh Scheme

Name of Scheme Samridh Scheme
Full Name Startup Accelerators of MeitY for Product Innovation
Launched by Minister of Electronics and Information Technology (MeitY), Ashwini Vaishnaw
Launch Date 25 August 2021
Article Type Central Government Scheme
Objective To present monetary help to startups / entrepreneurs of their preliminary section
Official Website https://meitystartuphub.in/
Samridh Scheme Overview

Implementation of Samridh Yojana

SAMRIDH will create a conducive platform for Indian software program product startups to reinforce their merchandise and safe investments for scaling their enterprise. The SAMRIDH programme is being carried out by MeitY Start-up Hub (MSH). Central authorities will assist startups and entrepreneurs in essentially the most difficult section which is the preliminary danger section.

Objectives of Samridh Scheme

The SAMRIDH initiative won’t solely present funding assist to startups, however will even assist in bringing ability units collectively which can assist them develop into profitable. Employment in conventional in addition to new age industries is a said mission of our authorities and can also be the imaginative and prescient of Prime Minister Shri Narendra Modi. Initiatives and schemes like SAMRIDH will assist speed up the implementation of that imaginative and prescient.

Benefits of Samridh Scheme

Technology can play a job in accelerating and in taking the quantum bounce in reaching out to folks which might have taken a few years. Using the vitality of startups these areas might be reached inside months. Central govt. said that the SAMRIDH scheme will choose up startups which are prepared for acceleration stage and can present them with funding assist, mentorship and a number of different assist that’s required by startups at this stage.

Launch Details for Samridh Scheme in India

The SAMRIDH programme will deal with accelerating 300 start-ups by offering buyer join, investor join, and worldwide enlargement alternatives within the subsequent three years. Also, an funding of as much as Rs 40 lakh to startups, based mostly on their present valuation and progress stage shall be supplied by chosen accelerators. It will even facilitate equal matching funding by the accelerator or investor.

Startup Accelerators of Meity for Product Innovation Yojana

The Samridhi programme goals to additional the Indian startup progress which has seen the emergence of 63 unicorns (Startups with over $1 billion valuation), making India the third largest unicorn hub globally with a complete valuation of $168 billion. While launching the Samridh Scheme, MeitY Minister stated “Lack of getting the idea into a real product or lack of collecting the skill sets which are needed to convert an idea into an enterprise is a bigger challenge for most of the start-ups. If we are able to start-up in that journey then probably our value addition will be huge.”

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Source / Reference Link: https://www.business-standard.com/article/economy-policy/govt-launches-samridh-scheme-to-help-startups-in-the-early-stage-121082501068_1.html

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