New Delhi, July 23 -- Over four years ago, Department for Promotion of Industry and Internal Trade (DPIIT) had launched Startup India Seed Fund Scheme (SISFS) in April 2021 with a total budget of Rs.945 crore meant for those startups which are undergoing the stages of proof of concept, prototype development, product trials, market-entry, and commercialisation.

The eligible startups can apply for the scheme on the Startup India portal. The Seed Fund will be disbursed to selected startups through eligible incubators across India.

These are the following benefits of this scheme:

I. Rs.20 lakh grant: Under the scheme, one can be awarded up to Rs.20 Lakhs as a grant for validation of proof of concept, prototype development, or product trial...