Top 10 Government Startup Schemes in India 2024: Complete List

Top 10 Government Startup Schemes in India Apply Online & Application Form | Top 10 Government Startup Schemes in India Check Beneficiary Category & Last Date | Top 10 Government Startup Schemes in India Check Benefits & Features | Top 10 Government Startup Schemes in India Check Selection & Implementation Procedure | Top 10 Government Startup Schemes in India Check Eligibility & All Details | 

The Government Startup Schemes in India offer a wide range of benefits and features that aim to foster the growth and success of startups. From financial support and tax benefits to simplified compliance and international collaboration, these schemes create an enabling environment for startups to thrive. Startups in India can leverage these government initiatives to fuel their growth, drive innovation, and contribute to the country’s economic development.

This article will provide all types of information about the Top 10 Government Startup Schemes in India 2024 like purpose, Eligibility Criteria, Benefits, Features, important documents, etc. We will also share the process to apply online for this scheme. To get complete information about this scheme, read this article till the end.

Top 10 Government Startup Schemes in India          

In recent years, the Indian government has taken significant steps to foster the growth of startups in the country. Recognizing the potential of startups to drive economic growth, create jobs, and encourage innovation, the government has introduced several schemes and initiatives to support aspiring entrepreneurs. These schemes provide financial assistance, mentorship, and other resources to help startups thrive in a competitive business environment.

Government Startup Schemes in India are initiatives launched by the government to support and promote the growth of startups in the country. These schemes provide various incentives, funding support, mentorship, and networking opportunities to help startups succeed. These government startup schemes play a crucial role in fostering the startup ecosystem in India and supporting the growth of new and innovative businesses in the country.

Highlights of Top 10 Government Startup Schemes in India 2024

The highlights of this scheme are as follows:- 

Objectives of Top 10 Government Startup Schemes in India 2024

The Government Startup Schemes in India aim to achieve multiple objectives. Firstly, they aim to promote entrepreneurship and create a conducive ecosystem for startups to flourish. By offering financial support and mentorship, these schemes encourage individuals to take the leap and pursue their business ideas.

Secondly, these schemes aim to foster innovation and technological advancements. By providing funding for research and development activities, startups are encouraged to explore new ideas and develop innovative solutions to address societal challenges.

List of Top 10 Government Startup Schemes in India

The list of schemes is as follows:-

• Atal Innovation Mission (AIM)
• Startup India Seed Fund Scheme
• Startup India Initiative
• Aatmanirbhar Bharat App Innovation Challenge
• eBiz Portal
• Software Technology Park (STP)
• Dairy Processing and Infrastructure Development Fund (DIDF)
• MUDRA Banks
• Credit Guarantee Fund Trust for Micro and Small Enterprises
• Multiplier Grants Scheme (MGS)

Atal Innovation Mission (AIM)

Atal Innovation Mission (AIM) is a flagship initiative of the Indian government’s NITI Aayog to promote innovation and entrepreneurship across the country. AIM aims to create a conducive ecosystem for nurturing innovation and supporting startups in various sectors. Under AIM, several schemes have been launched to provide financial assistance and support to startups and entrepreneurs.

Startup India Seed Fund Scheme

The Startup India Seed Fund Scheme is an initiative aimed at providing early-stage funding to startups. The scheme aims to support entrepreneurs in their journey from ideation to proof of concept and product development. Here are the key details of the scheme:

• Introduction: The scheme provides financial assistance to startups for proof of concept, prototype development, product trials, market entry, and scaling up their operations.
• Amount: The scheme provides funding of up to INR 5 crore per startup.
• Last Date: The last date for application submission is not specified. Startups can apply throughout the year.
• Eligibility Criteria: Startups incorporated in India and recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) are eligible to apply. The startups should have a minimum viable product (MVP) and should be working towards innovation, development, deployment, or commercialization of new products, processes, or services driven by technology or intellectual property.
• Application Procedure: Startups can apply for the Startup India Seed Fund Scheme through the official website of Startup India. The application process involves filling out an online form and providing necessary details about the startup, its founders, business model, and funding requirements. The applications are evaluated by a panel of experts, and selected startups are provided with the funding support.

Startup India Initiative

• Introduction: The Startup India Initiative is a government-led campaign launched to promote and support startups in India. It aims to foster a favorable ecosystem for startups, provide access to funding, and simplify regulatory processes.
• Scheme: Aatmanirbhar Bharat App Innovation Challenge
• Amount: The Aatmanirbhar Bharat App Innovation Challenge is a competition that encourages Indian startups and innovators to develop innovative mobile applications across various categories. The winners of the challenge receive cash prizes and government support to further develop and scale their apps.
• Last Date: The last date for application submission varies for each edition of the challenge and is announced on the official website.
• Eligibility Criteria: The challenge is open to Indian startups, individuals, and organizations. Participants should be Indian citizens or entities registered in India.
• Application Procedure: Interested participants can apply for the Aatmanirbhar Bharat App Innovation Challenge through the official website. The application process involves registering on the portal, submitting the app idea, and providing necessary details as per the guidelines mentioned on the website.

Aatmanirbhar Bharat App Innovation Challenge

The Aatmanirbhar Bharat App Innovation Challenge is an initiative aimed at promoting the development of innovative mobile applications in various categories. The challenge encourages Indian startups and entrepreneurs to create world-class apps that can compete globally. Here are the key details of the challenge:

• Introduction: The challenge invites entrepreneurs, startups, and individuals to develop innovative mobile applications in various categories, including social networking, e-learning, entertainment, health, agriculture, and more.
• Amount: The challenge provides cash rewards and incentives for the winners, ranging from INR 20 lakh to INR 2 crore, depending on the category.
• Last Date: The last date for application submission is not specified. Participants can submit their applications throughout the year.
• Eligibility Criteria: Indian entrepreneurs, startups, and individuals can participate in the challenge. The participants should have a working prototype or a fully developed application that aligns with the specified category.
• Application Procedure: Participants can submit their applications through the Aatmanirbhar Bharat App Innovation Challenge website. The application process involves providing details about the application, its features, target audience, and the problem it aims to solve. The applications are evaluated by a panel of experts, and the winners are selected based on the innovation, usability, and potential impact of their applications.

eBiz Portal

The eBiz Portal is an online platform that provides a range of government services to businesses and entrepreneurs. The portal aims to simplify the process of starting and operating a business in India by providing a single window for accessing various government services. Here are the key details of the eBiz Portal:

• Introduction: The eBiz Portal offers a wide range of services, including company registration, tax registrations, licenses and permits, and compliance-related services.
• Amount: The services provided through the eBiz Portal have varying fees and charges, depending on the specific service required.
• Last Date: The eBiz Portal is available for access and utilization throughout the year. There is no specific last date for availing the services.
• Eligibility Criteria: The eBiz Portal is open to all businesses and entrepreneurs who require government services for starting or operating a business in India.
• Application Procedure: To avail the services through the eBiz Portal, users need to create an account on the portal and provide necessary details about their business. The portal provides a user-friendly interface for accessing and applying for various services. Users can track the status of their applications and make online payments for the services.

Software Technology Park (STP)

• Introduction: The Software Technology Park (STP) scheme aims to promote the development and export of software and IT-enabled services (ITES) from India. It provides various benefits and incentives to registered units operating in designated STP centers.
• Amount: The scheme offers financial support and incentives such as exemption from customs duty on imported goods, income tax benefits, and access to high-speed data communication links.
• Last Date: There is no specific last date for availing the benefits of the STP scheme. However, it is advisable to check the official website for any updates or changes.
• Eligibility Criteria: Companies engaged in software development and IT-enabled services are eligible to apply for registration under the STP scheme. They should meet the specified criteria set by the government.
• Application Procedure: Interested companies can visit the official website of the Ministry of Electronics and Information Technology (MeitY) to get detailed information on the application process and required documents.

Dairy Processing and Infrastructure Development Fund (DIDF)

• Introduction: The Dairy Processing and Infrastructure Development Fund (DIDF) scheme aims to modernize and upgrade dairy processing infrastructure in India. It provides financial assistance to dairy cooperatives and milk unions for setting up new processing plants and expanding existing ones.
• Amount: The scheme has a total corpus of INR 10,881 crores, out of which INR 8,004 crores will be provided as a loan by the National Bank for Agriculture and Rural Development (NABARD) and INR 2,877 crores as an equity support from the government.
• Last Date: The last date for availing the benefits of the DIDF scheme varies depending on the specific projects and funding requirements. Interested parties should refer to the official website of NABARD for detailed information.
• Eligibility Criteria: Dairy cooperatives, milk unions, and other eligible entities involved in milk processing and marketing are eligible to apply for financial assistance under the DIDF scheme. They should fulfill the specified eligibility criteria set by NABARD.
• Application Procedure: Interested parties can visit the official website of NABARD to get detailed information on the application process, eligibility criteria, and required documents.

MUDRA (Micro Units Development and Refinance Agency) Banks

• Introduction: MUDRA Banks aim to provide financial support and assistance to micro and small enterprises (MSEs) in India. They offer various loan products to meet the credit requirements of MSEs at different stages of their growth.
• Amount: The loan amount provided by MUDRA Banks varies depending on the category of the loan and the specific requirements of the borrower. The loans can range from INR 50,000 to INR 10 lakhs.
• Last Date: There is no specific last date for availing the benefits of MUDRA loans. Interested borrowers can approach the MUDRA Banks or its partner financial institutions to avail the loans.
• Eligibility Criteria: Micro and small enterprises engaged in manufacturing, trading, or services sectors are eligible to apply for MUDRA loans. The eligibility criteria may vary depending on the loan category and the borrower’s profile.
• Application Procedure: Interested borrowers can approach the MUDRA Banks directly or visit their official website to get detailed information on the application process, required documents, and partner financial institutions.

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

• Introduction: The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme aims to provide collateral-free credit to micro and small enterprises in India. It offers a credit guarantee cover to banks and financial institutions to encourage them to provide loans without demanding collateral security.
• Amount: The CGTMSE scheme provides a credit guarantee cover of up to 75% of the sanctioned loan amount for eligible borrowers. The maximum loan amount covered under the scheme is INR 2 crores.
• Last Date: There is no specific last date for availing the benefits of the CGTMSE scheme. Interested borrowers can approach the participating banks and financial institutions to avail the loans.
• Eligibility Criteria: Micro and small enterprises engaged in manufacturing or service activities are eligible to apply for loans under the CGTMSE scheme. The eligibility criteria may vary depending on the borrower’s profile and the loan requirements.
• Application Procedure: Interested borrowers can approach the participating banks and financial institutions to get detailed information on the application process, eligibility criteria, and required documents.

Multiplier Grants Scheme (MGS)

• Introduction: The Multiplier Grants Scheme (MGS) aims to provide financial support to technology business incubators (TBIs) and startups in India. It encourages innovation, entrepreneurship, and the development of new technologies.
• Amount: The MGS scheme offers a grant of up to INR 15 lakhs to TBIs and startups. The grant amount is provided in a matching format, where the beneficiary is required to contribute an equal amount of their own resources.
• Last Date: The last date for availing the benefits of the MGS scheme may vary depending on the specific call for proposals. Interested TBIs and startups should refer to the official website of the Department of Science and Technology (DST) for detailed information.
• Eligibility Criteria: Technology business incubators and startups engaged in innovative technology-based projects are eligible to apply for the MGS scheme. The eligibility criteria may vary depending on the specific call for proposals and the applicant’s profile.
• Application Procedure: Interested TBIs and startups can visit the official website of the DST to get detailed information on the application process, eligibility criteria, and required documents.

Beneficiary Category 

The government startup schemes are designed to cater to a wide range of beneficiaries. They are not limited to any specific sector or industry. Whether you have a technology-based startup, a social enterprise, or a manufacturing unit, there are schemes available to support your venture. The schemes are open to both individuals and organizations, ensuring that aspiring entrepreneurs from all backgrounds have access to the necessary resources.

Application Enrollment Last Dates

The application process for government startup schemes is typically online. Interested individuals or organizations can visit the official website of the respective scheme to access the application form. The last dates for enrollment vary depending on the scheme, so it’s important to stay updated and submit your application within the specified timeframe.

Selection Procedure 

The selection procedure for government startup schemes involves a thorough evaluation of the applications received. A panel of experts reviews the applications based on predefined criteria such as the viability of the business idea, the potential for growth, and the impact on the economy or society. Shortlisted applicants may be called for interviews or presentations to further assess their suitability for the scheme.

Implementation Procedure 

Once selected, startups receive the necessary support and resources as outlined in the scheme. This may include financial assistance in the form of grants, loans, or subsidies, as well as mentorship programs and access to incubation centers. The implementation procedure varies from scheme to scheme, but the objective is to provide startups with the necessary tools and guidance to succeed.

Supervision Body 

To ensure transparency and accountability, each government startup scheme is overseen by a designated supervisory body. This body is responsible for monitoring the progress of the startups, ensuring compliance with the scheme’s guidelines, and addressing any concerns or issues that may arise during the implementation phase.

Key Guidelines 

The key guidelines are as follows:- 

• Startups must meet the eligibility criteria specified by the scheme.
• Applicants should provide accurate and complete information in the application form.
• Business plans and financial projections should be realistic and well-documented.
• Startups should be registered as legal entities before applying for the schemes.
• Applicants may be required to submit additional documents or undergo verification processes.
• Startups may need to commit to certain milestones or deliverables as part of the scheme.
• Intellectual property rights should be protected, and any conflicts of interest should be disclosed.
• Startups should maintain proper financial records and adhere to accounting standards.
• Compliance with relevant laws and regulations is essential.
• Startups should actively participate in the mentorship and guidance programs provided.

Important Instructions 

Some important instructions issued for applicants are as follows:- 

• Applicants should thoroughly read and understand the scheme’s guidelines before applying.
• Any false or misleading information provided may lead to disqualification.
• Applicants should keep track of the last dates for enrollment and submit their applications on time.
• Regularly check the official website for updates and announcements related to the scheme.
• Seek professional advice or guidance if required to ensure a strong application.
• Prepare a compelling business plan and present it effectively to increase the chances of selection.
• Be prepared to demonstrate the potential impact and scalability of your startup.
• Network with other entrepreneurs and industry experts to gain insights and support.
• Stay committed and dedicated to your startup’s growth and success.
• Follow up with the supervisory body or scheme administrators for any queries or clarifications.

Tips & Tricks

Some tips and tricks are as follows:-

• Research and understand the specific requirements and objectives of each scheme.
• Focus on highlighting the unique aspects of your startup and its potential for growth.
• Highlight any previous achievements, awards, or recognition received by your startup.
• Clearly articulate the problem your startup aims to solve and the innovative solution it offers.
• Emphasize the market potential and scalability of your business idea.
• Provide evidence of market research and customer validation.
• Include a well-thought-out financial plan that demonstrates the sustainability of your startup.
• Showcase the expertise and experience of your team members.
• Be concise and to-the-point in your application, focusing on the most relevant information.
• Proofread your application thoroughly to avoid any grammatical or spelling errors.

General Points to Remember

Some general points to remember are as follows:-

• Government startup schemes are competitive, so it’s important to put in the effort to create a strong application.
• Don’t be discouraged by rejections; use them as learning opportunities to improve your startup.
• Stay updated with the latest trends and developments in your industry to stay ahead of the competition.
• Build a strong network of mentors, advisors, and fellow entrepreneurs who can provide guidance and support.
• Continuously learn and upgrade your skills to adapt to the changing business landscape.
• Remember that perseverance and resilience are key traits of successful entrepreneurs.
• Take advantage of the resources and opportunities provided by the government startup schemes to accelerate your startup’s growth.

Top 20 Schemes Launched by the Prime Minister of India to Support MSMEs, Businesses, and Startups

India’s Prime Minister has launched several schemes to support MSMEs (Micro, Small, and Medium Enterprises), businesses, and startups. These initiatives aim to provide financial assistance, promote innovation, and enhance the growth of these sectors. Here is a list of the top 20 schemes:-

• Atmanirbhar Bharat Abhiyan: A comprehensive economic package to promote self-reliance and boost the MSME sector.
• Pradhan Mantri Mudra Yojana (PMMY): Provides loans to micro and small businesses to facilitate their growth and expansion.
• Stand-Up India: Encourages entrepreneurship and provides loans to Scheduled Castes, Scheduled Tribes, and women entrepreneurs.
• Pradhan Mantri Employment Generation Programme (PMEGP): Promotes self-employment by providing financial assistance for setting up new enterprises.
• Make in India: Aims to promote manufacturing and boost job creation in various sectors.
• Startup India: Supports and nurtures startups through funding, mentorship, and various other resources.
• Pradhan Mantri Jan Dhan Yojana (PMJDY): Provides access to banking services and financial inclusion for all.
• Pradhan Mantri Kaushal Vikas Yojana (PMKVY): Enhances the skills and employability of the youth through skill development programs.
• Pradhan Mantri Awas Yojana (PMAY): Aims to provide affordable housing for all by 2022.
• Pradhan Mantri Rojgar Protsahan Yojana (PMRPY): Incentivizes employers to promote employment generation by bearing the contribution to the Employees’ Provident Fund (EPF).
• Pradhan Mantri Ujjwala Yojana (PMUY): Provides free LPG connections to below-poverty-line households.
• Pradhan Mantri Fasal Bima Yojana (PMFBY): Offers crop insurance to farmers to mitigate risks associated with crop loss.
• Pradhan Mantri Kisan Samman Nidhi (PM-KISAN): Provides direct income support to small and marginal farmers.
• Pradhan Mantri Suraksha Bima Yojana (PMSBY): Offers accidental insurance coverage at a nominal premium.
• Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): Provides life insurance coverage at an affordable premium.
• Pradhan Mantri Gram Sadak Yojana (PMGSY): Connects rural areas with all-weather roads, improving accessibility and connectivity.
• Pradhan Mantri Gramin Digital Saksharta Abhiyan (PMGDISHA): Promotes digital literacy in rural areas.
• Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP): Provides affordable generic medicines through Jan Aushadhi Kendras.
• Pradhan Mantri Bhartiya Jan Aushadhi Pariyojana Kendra (PMBJPK): Establishes Jan Aushadhi Kendras to make quality medicines accessible and affordable.
• Pradhan Mantri Awas Yojana – Urban (PMAY-U): Aims to provide affordable housing for urban poor.

Benefits of Top 10 Government Startup Schemes in India 2024

The benefits of this scheme are as follows:-

• Financial Support: Government startup schemes provide financial assistance to budding entrepreneurs to help them kickstart their business.
• Mentorship and Guidance: These schemes offer mentorship and guidance from experienced professionals to help startups navigate the challenges of starting a business.
• Networking Opportunities: Government startup schemes provide networking opportunities for startups to connect with potential investors, customers, and partners.
• Incubation Facilities: Some government schemes provide access to incubation facilities such as co-working spaces, labs, and workshops to help startups develop their products or services.
• Skill Development Programs: Many government startup schemes offer skill development programs to help entrepreneurs enhance their skills and knowledge.
• Public Procurement Opportunities: Some schemes provide access to government contracts and procurement opportunities to help startups grow their business.
• Research and Development Grants: Government startup schemes offer grants for research and development activities to help startups innovate and develop new products or services.
• Tax Benefits: Some schemes provide tax incentives to startups to help reduce their financial burden and encourage growth.
• Market Access Support: Government startup schemes often provide support to help startups enter new markets and expand their reach.
• Recognition and Awards: Some schemes offer recognition and awards to startups that demonstrate significant growth and innovation, helping boost their credibility.

Features Of Top 10 Government Startup Schemes in India 2024

The features of this scheme are as follows:-

• Financial support: Government startup schemes in India offer financial support in the form of grants, loans, and subsidies to help entrepreneurs launch and grow their ventures.
• Simplified regulatory procedures: These schemes aim to reduce the red tape and bureaucratic hurdles that often hinder the progress of startups by providing simplified regulatory procedures and faster approvals.
• Mentorship and training: Government startup schemes in India often include mentorship and training programs to help entrepreneurs navigate the challenges of starting and running a business.
• Access to incubation centers: Many government startup schemes provide access to incubation centers and co-working spaces where startups can work, collaborate, and access resources and support services.
• Market access: These schemes help startups gain access to new markets by connecting them with potential customers, partners, and investors through networking events and marketing initiatives.
• Technology support: Government startup schemes in India offer technology support in the form of access to research and development facilities, technical expertise, and partnerships with technology providers.
• Innovation support: These schemes encourage innovation by providing funding and support for research and development projects, product development, and the commercialization of new technologies.
• Incentives for angel investors and venture capitalists: Some government startup schemes offer incentives to angel investors and venture capitalists who invest in startups, such as tax breaks and exemption from capital gains tax.
• Sector-specific initiatives: Government startup schemes target specific sectors such as agriculture, healthcare, clean energy, and information technology to address the unique challenges and opportunities in these industries.
• International collaborations: Many government startup schemes facilitate international collaborations and partnerships to help startups access global markets, technology, and expertise.

Important Documents 

Some of the important documents required to apply online for this scheme are as follows:-

• Aadhar Card
• Residence Certificate
• Income Certificate 
• Educational Certificates 
• Bank Account Details 
• Latest Passport Size Photos 
• Mobile No
• Email ID