Funding is an extremely significant aspect in line with meeting the vision of a business. Funding and fundraising, both are fundamental modern business scenarios that support the growth of a startup. Ways to Get Startup Funding 1.Crowdfunding The concept of…
How to raise money for Your Start-Up
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Government launches contest to promote startups in small towns
The government has launched another contest on Friday to boost homegrown startups and software products companies with special focus on firms from small towns of the country. As per the “Chunauti”- Next Generation Startup Challenge Contest around 300 startups working…
Maruti ties up with IIM-Bangalore to incubate mobility startups
Maruti Suzuki, India’s largest automaker, has tied up with IIM-Bangalore to incubate start ups working in technology-based innovations that can be applied in the automobile and mobility sector. This is the first move by a car company to help early-stage…
RBI grants priority sector lending status to startups
India’s central bank has granted priority sector lending or PSL status to startups, a move that will help emerging companies in different sectors to access bank credit on time. PSL is a tool given by the Reserve Bank of India…
Government Schemes specially for Startups 2/10
6. Scheme of Fund for Regeneration of Traditional Industries (SFURTI) Headed By: Ministry of MSME The aim of the scheme is to organize Traditional Industries and Artisans into clusters and to provide sustainable employment, enhance marketability of products and to equip…
Government Schemes specially for Startups 1/10
The Government of India (GoI) and governments of several states have introduced schemes to finance and support startups. The GoI formulates provisions to alleviate the conditions of startups in its financial budget. Government schemes can be availed by startups if…
Coir Udyami Yojana – MSME
The Coir Udyami Yojana is a credit linked subsidy scheme in the coir sector. The pattern of financial assistance under the scheme is 40% of the project cost as Government of India subsidy, 55% as loan from Bank and 5%…
Credit Guarantee Scheme for Startups
The Government has formulated a Credit Guarantee Scheme for Startups (CGSS) with a corpus contribution of Rs 2,000 crore that will enable startups to raise loans without any collateral for their business purposes. The credit guarantee scheme will provide portfolio-based…
NSIC – MSME Credit Facilitation Scheme
Bank Credit Facilitation Scheme to meet the credit requirements of MSME units NSIC has entered into a Memorandum of Understanding with various Nationalized and Private Sector Banks. Through syndication with these banks, NSIC arranges for credit support (fund or non-fund…
SIDBI 4E Scheme – MSME Loans
SIDBI launched the 4E Intervention on the occasion of “World Environment Day” on June 5, 2014 to provide technical backstopping and support MSME clients for reducing their power & fuel cost. End to End Energy Efficiency or 4E Scheme aims…