Lok Sabha Question No. 3460 (UNSTARRED), answered on 2023-03-22
Subject: SISFS
Ministry: COMMERCE AND INDUSTRY
Asked by: Jaskaur Meena

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

## LOK SABHA

## UNSTARRED QUESTION NO. 3460. TO BE ANSWERED ON WEDNESDAY, THE 22 ND  MARCH, 2023.

## SISFS

## 3460.  SHRIMATI JASKAUR MEENA:

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

- (a) the salient features of the Startup India Seed Fund Scheme (SISFS);
- (b) the  details  of  the  funds  sanctioned,  allocated  and  utilized  so  far  under  this programme in Rajasthan;
- (c) the details of the targets fixed and its achievements made so far;
- (d) whether this scheme is proving to be a boon across the country;
- (e) if so, the details thereof; and
- (f) whether the Government has constituted an Expert Advisory Committee (EAC) for the comprehensive execution and monitoring of the scheme and if so, the details thereof?

## 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) : The Government under Startup India initiative implements the Startup India Seed Fund Scheme (SISFS) which was approved for a period of 4 years starting  from  2021-22.  The  Scheme  provides  financial  assistance  to startups for proof of concept, prototype development, product trials, market entry and commercialization.

Under  SISFS,  as  per  provisions  of  the  Scheme,  the  Government  has constituted an Experts Advisory Committee (EAC) which is responsible for the overall execution and monitoring of the SISFS. The EAC evaluates and selects incubators for allocation of funds under the Scheme. The selected incubators  thereon  shortlist  the  startups  based  on  certain  parameters outlined in Scheme guidelines.

- (b) : Under  SISFS,  for the State of Rajasthan, the  EAC  has  approved (sanctioned) Rs. 33.50 crore to 9 incubators as on 28 th  February 2023. In accordance  to  the  guidelines  of  the  Scheme,  the  funds  approved  to  the incubators  are disbursed  (utilised)  in  milestone  based  tranches.  For  the Incubators approved from the State of Rajasthan, Rs. 15.65 crore has been disbursed to them as on 28 th  February 2023.
- (c) to (e) :

The Startup India Seed Fund Scheme is approved for a period of 4 years starting from 2021-22. SISFS is implemented with effect from 1st April 2021 with  a  corpus  of  Rs.  945  crore.  The  Scheme  is  enabling  financial assistance  to  startups  from  across  the  country  for  proof  of  concept, prototype development, product trials, market entry and commercialization.

As  on  28 th   February  2023,  under  SISFS,  148  incubators  have  been approved so far from 25 States and UTs for support of Rs. 537.25 crore. Rs.  235.247  crore  has  been  disbursed  under  this  scheme  to  136 incubators. The approved incubators have selected 872 startups from 31 States and UTs for support of Rs. 142.633 crore.

- (f): Under  SISFS,  as  per  provisions  of  the  Scheme,  the  Government  has constituted an Experts Advisory Committee (EAC) which is responsible for the overall execution and monitoring of the SISFS. The EAC  evaluates and selects incubators for allocation of funds under the Scheme. As per Scheme  guidelines  (as  available  online  at  https://dpiit.gov.in/startupindia/startup-india-initiative), the EAC comprises of the following members:
- i. Chairman, an individual of eminence
- ii. Financial Advisor, DPIIT or his representative
- iii. Additional Secretary/ Joint Secretary/ Director/ Deputy Secretary, DPIIT (Convener)
- iv. Representative of Department of Biotechnology (DBT)
- v. Representative of Department of Science & Technology (DST)
- vi. Representative of Ministry of Electronics and Information Technology (MeiTY)
- vii. Representative of Indian Council of Agricultural Research (ICAR)
- viii. Representative of NITI Aayog
- ix. At least three expert members nominated by Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) from the startup ecosystem, investors, experts in the domain of R&D, technology development and commercialization, entrepreneurship and other relevant domains.

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