As rightly said by Ms. Nirmala Sitharaman, MoS, Commerce and Industry –
“Entrepreneurship is no longer being condemned as jugaad.”

There are a plenty of schemes and funds to encourage start-ups in India, but the issue is low awareness. Each scheme has its own importance, but following are consonant with India’s quest to attain inclusive growth.

To develop a conducive policy system for start-ups, theseschemes are diverse in nature and are run under different ministries and are further headed by different departments. Each of them looks at providing support and an initial “push” to start-ups that are not just in different industries, but also for various sections and phases that a start-up involves. From Intellectual Property Rights (IPR) awareness, to financial support and all that comes in the middle is covered in these schemes.

There are about more than 50 start-up schemes by the govt, but I am sharing just a few that are most engaging. The rest of them are here.

Stand Up India: Launched as part of the government’s efforts to support entrepreneurship among women and SC & ST communities
Coir Udyami Yojana: Acredit linked subsidy scheme in the coir sectoropen to individuals, companies, Self Help Groups, NGO, etc.
National Initiative for Development and Harnessing Innovations(NIDHI): A program byDepartment of Science & Technology(DST), for supporting innovative ideas and turning them into successful startups
Atal Tinkering Laboratories(AIM): Provide grant-in-aid that include a one-time establishment cost of INR 10 Lakhs & operational expenses of INR 10 Lakhs for a maximum period of five
Start-Up Village EnterpreneurshipProgramme(SVEP): A sub scheme under the National Rural Livelihood thatsupports the rural startup entrepreneurs by training them to choose the right enterprise to start and run