Government Grant And Funding

Incur capital deals with various central and state government schemes offer grants and funding to support different sectors, including startups, MSMEs, agriculture, education, health, and social services. Here is an overview of how you can access government grants and funding:

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Key Government Grant and Funding Programs

1.Startup India

• Fund of Funds for Startups (FFS): Managed by SIDBI, it provides funding support to startups through various venture capital funds.
• Credit Guarantee Scheme for Startups (CGSS): Offers credit guarantees to loans extended by member lending institutions to startups.
• Seed Fund Scheme: Provides financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization.

2.MSME Fund for Business

• Prime Minister’s Employment Generation Programme (PMEGP): Provides credit-linked subsidy for setting up new micro enterprises in the non-farm sector.
• Credit Linked Capital Subsidy Scheme (CLCSS): Offers capital subsidies for technology upgradation.
• Interest Subsidy Eligibility Certificate (ISEC): Provides interest subsidies to MSMEs.

3.National Skill Development Corporation (NSDC)

• Funds various skill development projects to improve the employability of the workforce.

4.Pradhan Mantri Mudra Yojana (PMMY)

• Provides loans up to ₹10 lakh to non-corporate, non-farm small/micro enterprises.

5.Pradhan Mantri Awas Yojana (PMAY)

• Offers financial assistance for affordable housing projects for urban and rural poor.

6.National Bank for Agriculture and Rural Development (NABARD)

• Supports agriculture and rural development projects through various grant and loan schemes.

7.Atal Innovation Mission (AIM)

• Promotes innovation and entrepreneurship through programs like Atal Tinkering Labs, Atal Incubation Centers, and the Atal New India Challenge.

8.Department of Science & Technology (DST)

• Offers grants for research and development projects across various scientific fields.

9.Ministry of Health and Family Welfare

• Provides grants for health sector projects, including those aimed at improving healthcare infrastructure and services.

Resources for Assistance

• Incubators and Accelerators: These can provide support in preparing grant applications and offer mentoring.
• Industry Associations: Organizations like CII, FICCI, and local chambers of commerce can provide guidance and support.
• Consultants: Professional consultants can help in navigating the application process and improving the chances of approval.