Lok Sabha Question No. 2725 (UNSTARRED), answered on 2021-08-04
Subject: Startup India Seed Fund
Ministry: COMMERCE AND INDUSTRY
Asked by: Arvind Kumar Sharma

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE

## LOK SABHA

UNSTARRED QUESTION NO. 2725. TO BE ANSWERED ON WEDNESDAY, THE 4 TH  AUGUST, 2021.

## STARTUP INDIA SEED FUND

## 2725.  DR. ARVIND KUMAR SHARMA:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state: वाणिज्य  एवं उद्योग मंत्री

- (a) whether  many  projects  have  been  funded,  employment  generated  and economic value created under Startup India Seed Fund; and
- (b) if so, the details of the scheme since its inception to till date?

## ANSWER

## वाणिज्य  एवं उद्योग मंत्रालय में राज्य मंत्री (श्री सोम प्रकाश) THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI SOM PARKASH)

- (a) & (b): Yes sir. The Hon'ble Prime Minister of India has announced the Startup India Seed Fund Scheme (SISFS) on 16 th January 2021. The scheme has been notified vide notification of the Department for Promotion of Industry  and  Internal  Trade  on  the  21 st January,  2021.  Copy  of  the notification is available at website of this department: https://dipp.gov.in/sites/default/files/notification-Startup29January2021.pdf .

The scheme has been operationalised with effect from 1 st April  2021 and an online portal has been created for incubators and startups to apply.

Till  now,  the  following  incubators  have  been  sanctioned  grants under the Startup India Seed Fund Scheme (SISFS):-

| S.No.   | Incubator Registered Name                                                  | State       |   Sanctioned amount (Rs. in crore) |
|---------|----------------------------------------------------------------------------|-------------|------------------------------------|
| 1.      | IIMK LIVE                                                                  | Kerala      |                                  5 |
| 2.      | Forum for Innovation Incubation Research and Entrepreneurship              | Goa         |                                  3 |
| 3.      | Gujarat Foundation for Entrepreneurial Excellence                          | Gujarat     |                                  5 |
| 4.      | Association of Lady Entrepreneurs of India                                 | Telangana   |                                  2 |
| 5.      | Dayananda Sagar Entrepreneurship Research & Business Incubation Foundation | Karnataka   |                                  3 |
| 6.      | Coimbatore Innovation and Business Incubator (Forge)                       | Tamil Nadu  |                                  2 |
| 7.      | Crescent Innovation and Incubation Council                                 | Tamil Nadu  |                                  5 |
| 8.      | Centre for Advancing and Launching Enterprises                             | Gujarat     |                                  3 |
| 9.      | COEP'S Bhau Institute of Innovation Entrepreneurship and Leadership        | Maharashtra |                                  2 |
| Total   | Total                                                                      | Total       |                                 30 |