SAMRIDH Scheme

To encourage and accelerate the start-ups thereby creating a strong start-up ecosystem in the country.

On August 25, 2021 Electronics and Information Technology Minister Mr. Ashwini Vaishnaw launched SAMRIDH – Start-up Accelerators of MeitY for Product Innovation, Development and Growth for boosting the Startups in their initial phase. This scheme is mainly focused on accelerating about 300 Indian software product start-ups in the next 3 years. Under this scheme, financial investment of Rs. 40 lakhs will be provided to the start-ups based on the current valuation. Apart from funds the start-up will get required training and skill sets for flourishing further, It also tends to provide the start-ups with an access to the network of investors, mentors and customers to assist them to be successful. This scheme will contribute in building a strong start-up ecosystem in the state.

Overview:

SchemeSAMRIDH Scheme 
Scheme UnderCentral Government
Launched ByElectronics and Information Technology Minister Mr. Ashwini Vaishnaw
Launch DateAugust 25, 2021
Implemented ByMeitY Start-up Hub (MSH)
BeneficiariesIndian software product start-ups
BenefitInvestment support up to Rs. 40 lakhs, access to a network of investors and mentors, etc.
Major ObjectiveTo encourage and accelerate the start-ups thereby creating a strong start-up ecosystem in the country.

Scheme Objectives and Benefits:

  • The main objective of the scheme is to support 300 software product start-ups in the country
  • It tends to provide the start-ups with investment support up to Rs. 40 lakhs
  • This scheme will provide the start-ups with access to a network of investors, mentors and customers
  • It will provide the required skill sets and training for succeeding in the business
  • It tends to assist the start-ups to flourish
  • This scheme will also enable increased productivity and innovation
  • In the long run, it will impact increased economic growth and development in the country.

Scheme Details:

  • Electronics and Information Technology Minister Mr. Ashwini Vaishnaw launched SAMRIDH – Start-up Accelerators of MeitY for Product Innovation, Development and Growth on August 25, 2021.
  • This scheme is launched for accelerating and boosting the software product based start-ups in the country.
  • This scheme tends to benefit about 300 start-ups in the country
  • Financial investment upto Rs. 40 lakhs based on current valuation along with access to a network of customers, investors and mentors will be provided to the start-ups.
  • Required skills sets will also be provided.
  • Government aims at supporting the start-ups in the initial stage which includes risk.
  • This will help the start-ups to focus on increasing their business and become successful.
  • New job opportunities will be generated with more and more start-ups in operation in the country.
  • This scheme will focus on boosting the start-ups for increased productivity.
  • This scheme will build a strong base and ecosystem of start-ups in the country.
  • It will contribute to the mission of the central government to provide employment in traditional as well as new age industries.

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