Guidelines for Startup India Seed Fund Scheme (SISFS)

The report discusses the Startup India Scheme, which is a government initiative to promote entrepreneurship in India. The scheme provides a grant of up to Rs. 10 lakh to eligible startups, and the grant is subject to a ceiling of Rs. 20 lakh for startups in certain sectors. The grant is provided to startups for a period of 3 years, and the startups must submit an application to the Startup India portal for the grant. The grant is subject to certain conditions, including the startup's compliance with the Companies Act, 2013, and the submission of regular progress reports. The report also mentions that the Startup India Scheme is implemented by the Department of Industrial Policy and Promotion (DIPP) and is funded by the Department of Economic Affairs (DEA).