These days, including Gen Z, people are looking ways to exit this 9 to 5 cycle and start something of their own. Yes, becoming an entrepreneur is the new thing in the market and to support that Startup India Seed Fund Scheme (SISFS) was launched. Never heard of it?
What Is Startup India Seed Fund Scheme (SISFS)?
It is like a helping hand when you need it the most. The government launched SISFS in April 2021 to provide important financial support to Indian startups, especially during the early stages. A phase which is considered the riskiest in the journey.
The SISFS is administered by the Department for Promotion of Industry and Internal Trade (DPIIT) and has an outlay of ₹945 crore.
Why Was it Created?
The idea is simple: great startups often struggle with their first big hurdle—turning ideas into something real. SISFS offers support when it’s toughest to find investors elsewhere.
How Can it Help You?
Here’s what you get:
- Up to ₹20 lakh: Perfect for building your prototype, validating your idea, or running early product trials.
- Up to ₹50 lakh: If you’re ready to launch or step into the market, this bigger boost can help you scale, market, and commercialize your startup.
It’s Flexible: The support meets you where you are—whether you’re just starting out or taking things to the next level.
But remember: this money isn’t for building offices or buying equipment—it’s all about growing your product and business directly.
Who Can Apply?
Before you dive in, see if you fit:
- Your startup is under 2 years old and officially recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).
- You’re building something new—not a copy-paste business—that solves a genuine problem.
- Your idea uses technology in a meaningful way.
- You haven’t already received more than ₹10 lakh from any other government startup scheme.
- Indian founders hold most of the company.
- Sectors that tackle tough challenges (like health, education, environment, energy, or even space!) get extra love.
Simple Steps to Apply
- Go to the Portal: Head to the official Seed Fund site at https://seedfund.startupindia.gov.in.
- Sign In: Use your DPIIT startup credentials.
- Fill Out the Form: Share your business idea, what you need, and what you’ll do with the funding.
- Pick Incubators: Choose up to three trusted incubators you’d want as partners (they help mentor and guide you).
- Submit & Wait: Applications are open all year—so go for it whenever you’re ready!
What’s Off-Limits/Not Supported?
Just so you know: the scheme won’t pay for general infrastructure or facilities. The money is meant for clear, targeted startup milestones.
If you’ve ever felt like all you needed was a little push or someone to believe in your idea at the earliest stage, SISFS might be the spark to get your journey started. Check if you meet the criteria, apply online, and focus on building something remarkable. Every big success started as just an idea—yours could be next!
