Benefit of Startups- Part 2
Scheme 25: Dairy
Entrepreneurship Development Scheme Launched In: 2014 Time Period: N/A Industry
Applicable: Agriculture, pets & animals, social impact, food &
beverages Headed by: National Bank for Agriculture and Rural Development
(NABARD) To know more about this startup scheme by the Indian Government, click
here. Eligibility: Farmers, individual entrepreneurs, NGOs, companies and
groups from the unorganised and organised sector can apply under this scheme.
An individual will be eligible to avail assistance for all the components under
the scheme but only once for each component. More than one member of a family
can be assisted under the scheme provided they set up separate units with
separate infrastructure at different locations. The distance between the
boundaries of two such farms should be at least 500 metres. Overview: This
startup scheme by the Indian government aims to bring structural changes in the
unorganised sector so that initial processing of milk can be taken up at the
village level itself and bring about upgradations of traditional technology to
handle milk on a commercial scale. Fiscal Incentives: The incentives differ
with respect to the cost of the required equipment or establishment of the
facilities. In all cases, 25% of the outlay (33.33 % for SC / ST/ farmers) as
back-ended capital subsidy subject to the applicable ceiling is provided to the
eligible stakeholders. Page 29
Startup Scheme 26: 4E (End
to End Energy Efficiency) Launched In: September 2016 Time Period: N/A Industry
Applicable: Agriculture, pets & animals, social impact, food &
beverages Headed by: National Bank for Agriculture and Rural Development
(NABARD) To know more about this startup scheme by the Indian Government, click
here. Eligibility: MSME units in the manufacturing or services sector which are
in operation for at least three years and have earned cash profit in the last
two years of operation are eligible. The startup should not be in default to
any bank/FI. The unit should have undergone a process of Detailed Energy Audit
(DEA) through a technical agency/consultants having BEE certified Energy
Auditors. Furthermore, the Detailed Project Report (DPR) prepared by the
technical agency/consultant should have been vetted by the EEC, SIDBI. Also,
the unit should not have availed a Performance Linked Grant under the WB-GEF
Project for the proposed EE Project and should be in compliance with the
Environment & Social Management Framework. Overview: The scheme has been
launched jointly by India SME Technology Services Ltd. (ISTSL) in association
with the World Bank. The main objective is to implement energy efficiency
measures on an end-to-end basis. For meeting part costs of (i) capital
expenditure including for the purchase of equipment/machinery, installation,
civil works, commissioning, etc. (ii) Any other related expenditure required by
the unit, provided it is not more than 50% of (i). The scheme by the Indian
government, also, it aims to help startups finance second-hand machinery/equipment
for use. Fiscal Incentives: Under the 4E scheme, the MSME unit has to pay only
INR 30,000 and applicable taxes and the balance fee will be paid by SIDBI to
auditors. Up to 90% of the project cost with minimum loan amount of INR 10
Lakhs and maximum loan amount not to exceed INR 150 Lakhs per eligible borrower
can be granted under this scheme. Eligible loan amount should not exceed
one-fifth of the total turnover of the applicant unit. Page 30
Startup Scheme 27: Pradhan
Mantri Mudra Yojana (PMMY) Launched In: February 2016 Time Period: N/A Industry
Applicable: Sector-agnostic Headed by: Micro Units Development and Refinance
Agency Ltd. (MUDRA) To know more about this startup scheme by the Indian
Government, click here. Eligibility: Non–Corporate Small Business Segment
(NCSB) comprising millions of proprietorship / partnership firms running as
small manufacturing units, service sector units, shopkeepers, fruits /
vegetable vendors, truck operators, food-service units, repair shops, machine
operators, small industries, artisans, food processors and others, in rural and
urban areas can apply for the loan. All kinds of manufacturing, trading and
service sector activities can get a MUDRA loan. Overview: MUDRA provides
refinance support to banks / MFIs for lending to micro units having loan
requirement upto INR 10 Lakhs. As per recent media reports, loans extended
under the PMMY during 2016-17 have crossed the target of INR 1.8 Lakh Cr. The
estimated number of borrowers in this fiscal were more than 4 Cr, of which 70%
were women. Furthermore, for the fiscal year 2017-18 the target has been kept
at INR 2.44 Lakh Crore for Mudra Loans. Fiscal Incentives: MUDRA offers
incentives through these interventions:
Shishu: covering loans upto INR 50,000/-Ø Kishor: covering loans above
INR 50,000/- and upto INR 5 LakhsØ Tarun: covering loans above INR 5 Lakhs and
upto INR 10 LakhsØ Generally, loans upto INR 10 Lakhs issued by banks
under Micro Small Enterprises are given without collateral. Also, within these
interventions, MUDRA ensures to meet the requirements of different
sectors/business activities as well as business/entrepreneur segments. Page 31
Startup Scheme 28: Stand
Up India Launched In: April 2016 Time Period: 7 Years Industry Applicable:
Sector-agnostic Headed by: Small Industries Development Bank of India (SIDBI)
To know more about this startup scheme by the Indian Government, click here.
Eligibility: The enterprise can be in trading, manufacturing, or services. In
the case of non-individual enterprises, at least 51% of the shareholding and
controlling stake should be held by an SC/ST or woman entrepreneur. The
borrower should not be in default to any bank or financial institution.
Overview: This scheme by the Indian government facilitates bank loans between
INR 10 Lakhs and INR 1 Cr to at least one Scheduled Caste or Scheduled Tribe
borrower and at least one women borrower per bank branch for setting up a
Greenfield enterprise. Fiscal Incentives: Composite loan between INR 10 Lakhs
and INR 1 Cr to cover 75% of the project cost can be taken up, inclusive of the
term loan and working capital. The stipulation of the loan being expected to
cover 75% of the project cost would not apply if the borrower‟s contribution along with convergence support from any
other schemes exceeds 25% of the project cost. The rate of interest would be
the lowest applicable rate of the bank for that category (rating category) not
to exceed (base rate (MCLR) + 3%+ tenor premium). Page 32
Startup Scheme 29:
Sustainable Finance Scheme Launched In: N/A Time Period: N/A Industry
Applicable: Green Energy, Nonrenewable Energy, Technology Hardware, Renewable
Energy Headed by: Small Industries Development Bank of India (SIDBI) To know
more about this startup scheme by the Indian Government, click here.
Eligibility: Renewable energy projects such as solar power plants, wind energy
generators, mini hydel power projects, biomass gasifier power plants, etc. for
captive/ non-captive use (i.e., power generated is sold/supplied to the grid /
off-grid). Any kind of potential CP investments including waste management.
Suitable assistance to OEMs which manufacture energy efficient / cleaner
production / green machinery/equipment. Either the OEM should be an MSME or it
should be supplying its products to a substantial number of MSMEs. Overview:
The objective of this startup scheme by the Indian government is to assist the
entire value chain of energy efficiency (EE) / cleaner production (CP) and
sustainable development projects which lead to significant improvements in EE /
CP / sustainable development in the MSMEs and which are presently not covered
under the existing sustainable financing lines of credits. Fiscal Incentives:
Suitable assistance by way of term loan/working capital to ESCOs implementing EE
/ CP / Renewable Energy project provided either the ESCO should be an MSME or
the unit to which it is offering its services is an MSME. The rate of interest
will be applicable on basis of credit rating of MSME‟s. Page 33
Startup Scheme 30: SIDBI
Make in India Soft Loan Fund for Micro Small and Medium Enterprises (SMILE)
Launched In: August 2015 Time Period: 7 Years Industry Applicable:
Sector-agnostic Headed by: Small Industries Development Bank of India (SIDBI)
To know more about this startup scheme by the Indian Government, click here.
Eligibility: New enterprises in the manufacturing, as well as services sector,
can apply under this scheme. Existing enterprises undertaking expansion,
modernisation, technology upgradations or other projects for growing their
business will also be covered. Overview: The aim of this scheme by the Indian
government is to provide a soft loan, in the nature of quasi-equity, and term
loan on relatively soft terms to MSMEs to meet the required debt-equity ratio
for the establishment of an MSME as also for pursuing opportunities for growth
for existing MSMEs. Fiscal Incentives: For general category, 10% of the project
cost subject to a maximum of INR 20 Lakhs is provided as the loan amount. It
increases to 15% for the enterprises promoted by Scheduled Caste (SC) /
Scheduled Tribe (ST) / Persons with Disabilities (PwD), and women, subject to a
maximum of INR 30 Lakhs. Persons belonging to these categories must own
controlling stake (i.e. 51% or higher). Page 34 Startup
Scheme 31: Growth Capital
and Equity Assistance Launched In: N/A Time Period: N/A Industry Applicable:
Sector-agnostic Headed by: Small Industries Development Bank of India (SIDBI)
To know more about this startup scheme by the Indian Government, click here.
Eligibility: The eligible stakeholders under this scheme include an MSME as per
the definition of Government of India (MSMED Act), SIDBI‟s existing customers (meeting internal rating
criteria) and units with past three years of profitability and two years of
satisfactory banking credit track record (meeting internal credit rating
criteria). Acceptable external rating from CRISIL, ICRA, D&B, SMERA etc.
would be desirable. Overview: This scheme by the Indian government provides
assistance to existing Small and Medium Businesses in need of capital for
growth. The assistance is provided in form of mezzanine/convertible
instruments, subordinated debt and equity (in deserving cases). This
quasi-assistance has a higher moratorium on repayment and a flexible
structuring. Fiscal Incentives: Under this scheme, the MSMEs are helped to
leverage equity/subdebt assistance from SIDBI for raising higher debt funds. It
also helps to avoid the complexities of enterprise valuation, exit issues etc.–
associated with equity investments. Information regardin the amount of growth
capital provided to the MSME enterprises is not available. Page 35
Startup Scheme 32:
Ayurvedic Biology Program Launched In: N/A Time Period: N/A Industry
Applicable: Chemicals, healthcare & life sciences, nanotechnology, social
impact Headed by: Science and Engineering Research Board (SERB) To know more
about this startup scheme by the Indian Government, click here. Eligibility:
Support is provided to research institutes/ universities/medical and
engineering colleges and other academic institutes/professional bodies who
organise such events. Support is also provided to Indian citizens residing in
India, holding a regular academic/research position in a recognised
institution. The proposals can be submitted by an individual or by a team of
investigators. Overview: SERB supports basic research employing modern biology,
immunology, and chemistry to investigate the concepts, procedures, and products
of Ayurveda. The current areas of interest include Rasayana and degenerative
diseases; Prakriti and human genomics; role of Pathya and nutritional sciences
in health and disease; and physiological, immunological and biochemical
correlates of traditional Ayurvedic procedures such as Panchakarma. Fiscal
Incentives: SERB extends partial financial support, on a selective basis, for
organising such domestic events (as well as international). Support is
primarily given to encourage participation of young scientists and research
professionals in such events along with nominal support for pre-operative
expenses like announcements brochures, etc. Page 36
Startup Scheme 33: High
Risk-High Reward Research Launched In: N/A Time Period: June-July Every Year
Headed by: Science and Engineering Research Board (SERB) To know more about
this startup scheme by the Indian Government, click here. Industry Applicable:
Chemicals, technology hardware, healthcare & life sciences,
aeronautics/aerospace & defence, agriculture, AI, AR/VR (augmented +
virtual reality), automotive, telecommunication & networking, computer
vision, construction, design, non-renewable energy, renewable energy, green
technology, fintech, Internet of Things, nanotechnology, social impact, food
& beverages, pets & animals, textiles & apparel. Eligibility:
Indian citizen residing in India, holding a regular academic/research position
in a recognised institution can apply under this scheme. The proposals can be
submitted by an individual or by a team of investigators. Overview: SERB aims
at supporting proposals that are conceptually new and risky, and if successful,
expected to have a paradigm-shifting influence on science and technology.
Proposals that address scientific issues which will result in „incremental‟ knowledge will not be supported. Fiscal Incentives:
The research grant covers equipment, consumables, contingency and travels apart
from overhead grants. No budget limit is prescribed for these projects. Page 37
Startup Scheme 34:
Technology Development Programme (TDP) Launched In: N/A Time Period: N/A Headed
by: Science and Engineering Research Board (SERB) To know more about this
startup scheme by the Indian Government, click here. Industry Applicable:
Chemicals, technology hardware, healthcare & life sciences,
aeronautics/aerospace & defence, agriculture, AI, AR/VR (augmented +
virtual reality), automotive, telecommunication & networking, computer
vision, construction, design, non-renewable energy, renewable energy, green
technology, fintech, Internet of Things, nanotechnology, social impact, food
& beverages, pets & animals, textiles & apparel. Eligibility:
Scientists, engineers, or technologists working in academic institutions,
registered societies, R&D institutions, laboratories having adequate
infrastructure & facilities to carry out technology development work as well
as prototype building. Overview: The mandate of Technology Development
Programmes (TDP) is to convert proof-of-concepts for the development of
pre-competitive/commercial technologies/ techniques/ processes. Some of the
typical areas in which proposals can be submitted are glass, ceramics,
molecular/ biomolecular electronics, polymer and biosensors, waste (plastic,
hospital & electronic) utilisation and management, laser/ plasmas/
microwave technology, alternate fuels, fuel conservation, efficient utilisation
of fuels, civil infrastructure technologies etc. Fiscal Incentives:
Institutions under this scheme get support for project staff salaries,
equipment, supplies and consumables, contingency expenditure, patent filing
charges, outsourcing charges, internal travel, fabrication costs, testing
charges, overheads, etc. For Industry, the only cost of consumables up to 50%
has been approved while for Institution/Industry Joint Programmes, support to
the Industry up to 50% of the cost of consumables is provided. Page 38
Startup Scheme 35:
Biotechnology Industry Partnership Programme (BIPP) Launched In: N/A Time
Period: Every Year Industry Applicable: Healthcare & life sciences Headed
by: Biotechnology Industry Research Assistance Council (BIRAC) To know more
about this startup scheme by the Indian Government, click here. Eligibility: An
Indian company, whether small, medium, or large with a DSIRrecognised in-house
R&D unit, is eligible under this scheme. Also, a joint association of an
Indian company and national R&D organisations and institutions; as well as
a group of Indian companies along with national research organisations etc. are
eligible. Overview: The scheme is a government partnership with industries for
support on a cost-sharing basis for path-breaking research in frontier
futuristic technology areas having major economic potential and making the
Indian industry globally competitive. It is focussed on IP creation with
ownership retained by Indian industry and, wherever relevant, by collaborating
scientists. Fiscal Incentives: The eligible stakeholders are provided support
for high-risk, accelerated technology development especially in futuristic
technologies. Support is also provided for companies working in very high-risk,
nationally- and socially-relevant areas, with no assured market. It provides
for product evaluation and validation through support for limited and
large-scale field trial for agriculture products and clinical trials (Phase I,
II, III) for health care products and also supports research project for novel
IP generation. Page 39
Startup Scheme 36:
Industry Innovation Programme on Medical Electronics (IIPME) Launched In: N/A
Time Period: 3 Times A Year Industry Applicable: Healthcare & life sciences
Headed by: Biotechnology Industry Research Assistance Council (BIRAC) To know
more about this startup scheme by the Indian Government, click here.
Eligibility: Indian startups which are less than three years old from date of
advertisement which have 51% ownership, Indian LLPs and those which have
Department of Scientific and Industrial Research (DSIR) Recognition (only for
early transition & transition to scale) are eligible to apply under the
scheme. Overview: BIRAC aims to promote and foster cutting-edge technologies in
the field of medical electronics through this scheme. The project IIPME is a
partnership project between the Department of Electronics and Information
Technology, Ministry of Communications and Information Technology, Government
of India, and Biotechnology Industry Research Assistance Council, a public
sector undertaking of the Department of Biotechnology, Ministry of Science and
Technology, Government of India. Fiscal Incentives: The loan and grant are
provided according to the startup stage. The Seed Grant (Idea to PoC) is INR 50
Lakhs for 18 months, early transitions funding include INR 100 Lakhs for 24
months and for those transitioning to scale, a mix of grant & loan for 24
Months is provided. Page 40
Startup Scheme 37: SPARSH
(Social Innovation programme for Products: Affordable & Relevant to
Societal Health) Launched In: N/A Time Period: N/A Industry Applicable:
Healthcare & life sciences Headed by: Biotechnology Industry Research
Assistance Council (BIRAC) To know more about this startup scheme by the Indian
Government, click here. Eligibility: If at idea and PoC stage: Biotechnology Indian startups should be
incorporated under the IndianØ
Companies Act and have a minimum of 51% Indian Ownership. Plus, they should be
less than three years old as on the date of advertisement/ Indian entrepreneurs
(Indian citizen willing to form a Company as per Indian Law). Limited Liability Partnership (LLP) should be
incorporated under the LimitedØ
Liability Partnership Act, 2008. Plus, it should be less than three years old
as on the date of advertisement, having a minimum half of the persons who
subscribed their names to the LLP document as its Partners should be Indian
citizens. Indian academic scientists,
researchers, PhDs, medical degree holders,Ø
biomedical engineering graduates (who must be willing to incubate in a business
incubator). Proprietorship concern
established by an Indian citizen and a Certificate/licenseØ should be issued by the municipal authorities/ under
the Shop & Establishment Act /under other relevant statutes. No DSIR certification is required.Ø Page 41 If at Proof of Concept to Validation
stage: Companies incorporated under the
Indian Companies Act having a minimum ofØ
51% Indian ownership. DSIR recognition.Ø Limited
Liability Partnership (LLP) incorporated under the Limited LiabilityØ Partnership Act, 2008. Indian institution/ universities/ public
research organisation who can become co‐Ø
applicants along with the company/LLP as main applicant established in India
and having NAAC/ UGC/ AICTE or any equivalent recognition certificate. Partnership firms/society/ Trust/ NGO/
foundation/ association established inØ
India under the relevant Indian Law, having at least half of the stakeholders
(partners/ trustees/ members/ associates etc) as Indians. Furthermore, access
to Innovative Pilot Scale Delivery Models is provided only to: Companies incorporated under the Indian
Companies Act having a minimum ofØ
51% Indian ownership. DSIR recognition.Ø The product
should have gained necessary approvals from the concernedØ regulatory authority (‐ies) for pilot studies. It is desirous that the projects show
partnership or a consortium ofØ
product/service innovator Company, an implementer/deployer (research
foundations, Section 25 companies etc) and clinical partner(s). Any such
partner for execution/ implementation can become a co‐Applicant in the
proposal. Overview: The scheme intends to create a pool of social innovators in
the biotech arena who will identify specific needs and gaps in health care. The
social innovators will be provided financial and technical support for
developing market-based solutions that have potential to bring cost effective health
care breakthroughs to vulnerable populations in particular. Fiscal Incentives:
For startups at the idea to proof of concept (PoC) stage, grant‐in‐aid up to
INR 50 Lakhs for a period up to 18 months is available. For those at the proof
of Page 42 concept to validation stage, the amount remains the same but the
time period increases to 24 months. In the case of access to Innovative Pilot
Scale Delivery Models – grant‐in‐ aid for a period up to 24 months is provided.
The project cost sanctioned for the company would be matched equally by BIRAC
and the company. Page 43
Startup Scheme 38: Rapid
Grant for Young Investigator (RGYI) Launched In: N/A Time Period: 3 Years
Industry Applicable: Healthcare & life sciences Headed by: Department of
Biotechnology (DBT) To know more about this startup scheme by the Indian
Government, click here. Eligibility: The Principal Investigator should be below
40 years holding an independent position (and within 10 years of receiving a
PhD). Each application should have Co-PI (preferably below 50 years) with prior
experience in grant management. Also, applicants must be from non-profit
organisations and should have demonstrated a promising trackrecord of early
achievements appropriate to his/her research field and career stage, including
significant publications (as the main author) in international, peer-reviewed,
scientific journals. Overview: The scheme fosters creative research in various
fields of biotechnology (medical, agriculture, animal biotech, environment and
industry, etc.) to enhance the early career development of young investigators.
The programme aims to provide the first extramural grant to establish labs and
initiate research in the frontier areas of biotechnology. Fiscal Incentives:
RGYI provides startup grants to young investigators across the country working
in different settings such as central government funded institutions, state
government-funded university departments, scientists at DSIR-approved private
institutions etc. Page 44
Startup Scheme 39: Biotechnology
Ignition Grant (BIG) Launched In: N/A Time Period: N/A Industry Applicable:
Healthcare & life sciences Headed by: Biotechnology Industry Research
Assistance Council (BIRAC) To know more about this startup scheme by the Indian
Government, click here. Eligibility: The Applicant should be an Indian citizen
and has to be physically incubated in an incubator and produce a
recommendation. They must provide termination for fulltime association of
project. Applicants from non-profit/research organisation need to furnish an
NOC. The Promoter/shareholder of any LLP is not eligible. Overview: BIRAC
believes in novel ideas that have a commercialisation potential and that evolve
from startups or academic spin-offs. This scheme aims to support those ideas
which have an unmet need for funding and mentorship. It promotes basically the
technology ideas relating to medical/health biotechnology, biopharma and
medical devices/biomaterials/diagnostics, agro, biotechnology and animal/marine
biotechnology, industrial/ environmental biotechnology and biomass value
addition via biotechnology, biotechnology-based services/reagents/supplies,
bioinformatics and bio-IT interface etc. Fiscal Incentives: Up to INR 50 Lakhs
for research projects with a commercialisation potential with duration of up to
18 months are provided. Page 45
Startup Scheme 40: Direct
Discounting of MNRE Capital Subsidy payable to Accredited Channel Partners and
State Nodal Agencies (SNA) for installation of Solar Water Heating Systems
Launched In: Updated on May 14, 2018 Time Period: N/A Industry Applicable:
Renewable energy, clean energy, green energy plants Headed by: Indian Renewable
Energy Development Agency (IREDA) To know more about this startup scheme by the
Indian Government, click here. Eligibility: MNRE Accredited Channel Partners,
State Nodal Agencies (SNA) and other stakeholders as approved by MNRE, who have
already submitted a valid claim of Capital Subsidy at IREDA, which is pending
for release of payment on account of nonavailability of funds, will be eligible
under the scheme. Overview: The credit under the bill discounting scheme will
be available to MNRE Accredited Channel Partners (ACP), State Nodal Agencies
(SNA) and other stakeholders for purchase and installation of Solar Water
Heating System (SWHS) as approved by MNRE. Fiscal Incentives: Up to 80% of the
existing pending eligible capital subsidy claim, as verified by the IREDA.
Minimum loan assistance – INR 20 Lakhs. Interest rate @0.90% p.m. (10.80% p.a)
to be adjusted from the subsidy receipts from MNRE against the claim. Page 46
Startup Scheme 41: Direct
Discounting of GBI Claims Payable to Renewable Energy Developers under MNRE
Scheme for Generation Based Incentive (GBI) for grid interactive Wind and Solar
power projects” Launched In: Updated on May 14, 2018 Time Period: N/A Industry
Applicable: Renewable energy, clean energy, green energy plants Headed by:
Indian Renewable Energy Development Agency (IREDA) To know more about this
startup scheme by the Indian Government, click here. Eligibility: MNRE
Accredited Channel Partners, State Nodal Agencies (SNA) and other stakeholders
as approved by MNRE, who have already submitted a valid claim of Capital
Subsidy at IREDA, which is pending for release of payment on account of
nonavailability of funds, will be eligible under the scheme. Overview: The
credit under the bill discounting scheme will be available to MNRE Accredited
Channel Partners (ACP), State Nodal Agencies (SNA) and other stakeholders for
purchase and installation of Solar Water Heating System (SWHS) as approved by
MNRE. Fiscal Incentives: Up to 80% of the existing pending eligible capital
subsidy claim, as verified by the IREDA. Minimum loan assistance – INR 20
Lakhs. Interest rate @0.90% p.m. (10.80% p.a) to be adjusted from the subsidy
receipts from MNRE against the claim. Page 47
Startup Scheme 42: Access
to Energy Scheme under KfW Line Launched In: Updated on May 14, 2018 Time
Period: N/A Industry Applicable: Renewable energy, clean energy, green energy
plants Headed by: Indian Renewable Energy Development Agency (IREDA) To know
more about this startup scheme by the Indian Government, click here.
Eligibility: All the techno-commercially viable projects in RE. Project should
be implemented in areas where electricity provided through the national grid is
less than 2 hours (on an average) during peak hours (5 pm to 11 pm). Overview:
The main objective of the Scheme is to increase the supply and use of
sustainable clean energy services in rural areas through improved access to
financing for project developers. Fiscal Incentives: The minimum loan
eligibility from IREDA will be Rs.50 Lakh unless specifically exempted under
any scheme/ program. (However, as per KfW terms the loan amount to each
borrower shall not exceed 4mn Euro). The rate of interest varies between
9.75-11.50% p.a. with respect to the loan tenure. Further, Minimum Promoter
Contribution, Quantum of loan & Maximum Debt-Equity Ratio: a) Quantum of
the loan from IREDA shall be upto 70% of the total Project cost. b) The minimum
promoter contribution shall be 30% of the project cost and the maximum Debt
Equity Ratio (DER) shall not be more than 3:1. Page 48
Startup Scheme 43: Loan
Scheme to promote the Concentrating Solar Thermal (CST) Projects in India for
Industrial Process Heat Applications Launched In: Updated on May 14, 2018 Time
Period: N/A Industry Applicable: Renewable energy, clean energy, green energy
plants Headed by: Indian Renewable Energy Development Agency (IREDA) To know
more about this startup scheme by the Indian Government, click here.
Eligibility: Private Sector Companies/ firms/LLPs, Central Public Sector
Undertaking (CPSU), State Utilities/ Discoms/ Transcos/ Gencos/ Corporations,
Joint Sector Companies, Applicants registered in India, falling under any of
the above categories, with borrowing powers and powers to take up new and
renewable energy and energy efficiency projects as per their Charter, are
eligible to avail financial assistance from IREDA. Overview: The Ministry of
New & Renewable Energy (MNRE) in partnership with United Nation Industrial
Development Organization (UNIDO) and IREDA under the GEF-UNIDO-MNRE project
launched an innovative financing scheme to promote adoption and of Concentrated
Solar Thermal (CST) Technologies for thermal applications in the specified
industrial sectors. It aims to create the necessary enabling environment for
increasing penetration and Scaling up of CST Technology in India through an
innovative financing mechanism. Fiscal Incentives: Under this scheme, financial
assistance is available for up to 75 % of the CST project costs. There are two
parts: Soft Loan from IREDA: @7% for 7 years Bridge Loan Against MNRE Subsidy:
@12%. The rate is applicable till the project is commissioned. On
commissioning, the MNRE subsidy will be passed to the project and the bridge
loan will be closed. Page 49
Startup Scheme 44:
Enhancement of Competitiveness in the Indian Capital Goods Sector: Technology
Acquisition Fund Programme (TAFP) Launched In: N/A Time Period: N/A Industry Applicable:
Chemicals, Technology Hardware, Healthcare & Lifesciences,
Aeronautics/Aerospace & Defence, Agriculture, Automotive, Construction,
Non- Renewable Energy, Renewable Energy, Green Technology, Internet of Things,
Nanotechnology, Food & Beverages, Textiles & Apparel Headed by:
Department of Heavy Industry To know more about this startup scheme by the
Indian Government, click here. Eligibility: Financial support from TAFP will be
available to Indian capital goods sector unit or their consortium. Overview:
The fund will provide financial assistance to existing capital goods industrial
units for acquiring/transferring and assimilating advanced technologies and
also the development of technologies through contract route, in-house route or
through the joint route of contract in order to achieve global standards and
competitiveness. It covers activities undertaken for selecting right
technologies, outright purchase of technology, IPR, patent, rights, know-how,
designs, licensing, upgradation of R&D/testing facilities,
hardware/software for technology upgradation, training of workers, contract
research payments, etc. Technologies could be products or processes, raw
material, components, systems or finished products etc. Fiscal Incentives:
Central Assistance will be by way of a one-time grant upto 25% of the cost of
Technology Acquisition of each technology. Maximum amount given shall not
exceed INR 10 Cr. The funding support will be through a Government R & D
institution. Page 50
Startup Scheme 45: TIFAC -
SIDBI, Technology Innovation Fund (SRIJAN Scheme) Launched In: N/A Time Period:
N/A Industry Applicable: Sector Agnostic Headed by: Small Industries
Development Bank of India (SIDBI) To know more about this startup scheme by the
Indian Government, click here. Eligibility: New/existing MSME units eligible
for assistance from SIDBI. Overview: To support MSMEs towards development,
up-scaling, demonstration and commercialization of innovative technology-based
project. The Scheme will provide a developmental loan at flexible terms &
interest rate to encourage/promote development/innovation of new technology/
process/product and its commercialization. Fiscal Incentives: Upto 80% of the
project cost subject to a maximum of INR 100 lakh @ less than or equal to 5%.
Page 51
Startup Scheme 46: Direct Discounting Scheme
(Equipments) [DDS(E)] Launched In: N/A Time Period: N/A Industry Applicable:
Small machinery manufacturing units, service sector units and construction
industry Headed by: Small Industries Development Bank of India (SIDBI) To know
more about this startup scheme by the Indian Government, click here.
Eligibility: Either Purchaser / Seller can belong to the MSME sector. Overview:
The scheme enables the purchase/sale of indigenous machinery/capital equipment
by purchaser/manufacturer in the MSME sector through deferred payment facility
by discounting the Bill of Exchange with SIDBI. Fiscal Incentives: Issuance
ranges upto 5 years, which can be allowed upto 7 years. Quantum of limit is
based on firm enquiries in hand as also projected sales, in respect of Sellers;
and in respect of Purchasers, based on a specific requirement for
implementation of a new project or for expansion. Discount rates are linked to
the internal credit rating of the customers. Page 52
Startup Scheme 47: BPCL
Start-Up Scheme Launched In: N/A Time Period: N/A Industry Applicable: Sector
Agnostic Headed by: Bharat Petroleum Corporation Limited To know more about
this startup scheme by the Indian Government, click here. Eligibility: The
scheme is open to all citizens of India, including NRIs who are willing to work
in India and undertake projects promising innovative technologies/solutions.
Overview: BPCL has launched the startup scheme to promote promising startups
and nurture an ecosystem conducive for innovations in the country. Fiscal
Incentives: Funding will be provided over a period of 36 (thirty-six) months in
installments against agreed/accepted milestones. Fund disbursement will be
based on the milestones achieved. No royalty will be charged on the funds
disbursed under the scheme. Page 53
Startup Scheme 48: Small
Business Innovation Research Initiative (SBIRI) Launched In: 2005 Time Period:
N/A Industry Applicable: Healthcare & Lifesciences Headed by: Department of
Biotechnology, Ministry of Science & Technology To know more about this
startup scheme by the Indian Government, click here. Eligibility: The proposals
can be submitted solely by a Company incorporated under the Companies Act, 2013
or Limited Liability Partnership (LLP) incorporated under the Limited Liability
Partnership Act, 2008 or Joint Ventures either in the form of Company/ LLP by
any of the above entities jointly with other private or public partner(s)
(Universities or Institutes). Overview: The scheme is an innovation-focused PPP
initiative in the area of biotechnology. Launching of SBIRI has worked as an
enabling platform for organizations to realize their potential in terms of
product and process development and taking them to the market. Fiscal
Incentives: Financial support for early stage & proof-of-concept for
innovations based on valid hypothesis, R&D aimed at affordable product
development, lab-scale technology refinement, validation of a technology at
pilot scale, platform technologies/prototype development etc. Page 54
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