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Assignment 7 Edp

The document outlines various funding schemes in India aimed at supporting small-scale enterprises, particularly in technology sectors. Key programs include financial support for international patent protection, grants for collaborative R&D, and incentives for software exports and electronics manufacturing. These initiatives aim to foster innovation, entrepreneurship, and business growth through financial aid and resources.

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10 views2 pages

Assignment 7 Edp

The document outlines various funding schemes in India aimed at supporting small-scale enterprises, particularly in technology sectors. Key programs include financial support for international patent protection, grants for collaborative R&D, and incentives for software exports and electronics manufacturing. These initiatives aim to foster innovation, entrepreneurship, and business growth through financial aid and resources.

Uploaded by

clgssp
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ASSIGNMENT 7

Funding Schemes for Small Scale Enterprises in India:

1. Support for International Patent Protection in Electronics &


Information Technology

 Headed By: Department of Electronics and Information Technology


(DeitY)
 Industry Applicable: IT Services, analytics, enterprise software,
technology hardware, IoT, AI
 Eligible For: MSMEs and technology startups in the ICTE sector
 Overview: Provides financial support for international patent filing to
encourage innovation and global recognition of IP in the ICTE sector.
 Fiscal Incentives: Reimbursement up to INR 15 Lakhs or 50% of total
expenses for filing and processing patents, whichever is lesser.

2. Multiplier Grants Scheme (MGS)

 Launched In: May 2013


 Headed By: Department of Electronics and Information Technology
(DeitY)
 Industry Applicable: IT services, analytics, technology hardware, IoT,
AI
 Eligible For: Startups, incubators, academia, and accelerators with
projects in electronics & information technology
 Overview: Encourages collaborative R&D between industry and
academic/R&D institutions for product development.
 Fiscal Incentives: Grants up to INR 2 Cr per project (INR 4 Cr for
consortiums), with project duration of 2-3 years.

3. Software Technology Park (STP) Scheme

 Headed By: Software Technology Parks of India (STPI)


 Industry Applicable: IT services, fintech, enterprise software, analytics,
AI
 Eligible For: Software companies
 Overview: Promotes software exports from India by providing statutory
services, data communications servers, incubation facilities, and more.
 Fiscal Incentives: Sales in the Domestic Tariff Area (DTA) up to 50% of
FOB value of exports and accelerated depreciation (100% over 5 years)
on computers.

4. Electronic Development Fund (EDF) Policy


 Headed By: Department of Electronics and Information Technology
(DeitY)
 Industry Applicable: IT services, analytics, technology hardware, IoT,
AI, nanotechnology
 Eligible For: Startups in electronics, IT, and nanoelectronics sectors
 Overview: Aims to attract venture, angel, and seed funds for R&D and
innovation in electronics and technology sectors.
 Fiscal Incentives: Participates in "Daughter Funds" to provide risk
capital for technology startups. Managed by CANBANK Venture Capital
Funds Ltd.

5. Modified Special Incentive Package Scheme (M-SIPS)

 Launched In: July 2012


 Headed By: Department of Electronics and Information Technology
(DeitY)
 Industry Applicable: Technology hardware, IoT, aerospace, automotive,
energy, green technology, nanotechnology
 Eligible For: Startups in electronics manufacturing
 Overview: Supports IPR awareness and sensitization workshops while
promoting electronics manufacturing in India.
 Fiscal Incentives: Capital subsidy of 20% for SEZ units (25% for non-
SEZ units), reimbursements for Central Excise duties, and Central Taxes
for some high capital investment projects.

Conclusion

Various government funding schemes are available to support small-scale


enterprises, particularly those in technology and innovation-driven sectors.
These schemes provide financial aid, grants, tax incentives, and other resources
to encourage entrepreneurship and business growth across different industries.

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