Scribd
Upload
3 views2 pages

Assignment 5

The document outlines various funding schemes available for startups and social enterprises in India, including the Startup India Scheme, Atal Innovation Mission, Social Entrepreneurship Fund, and MUDRA Scheme. Each scheme provides specific financial support, mentorship, and resources aimed at fostering innovation, entrepreneurship, and addressing societal challenges. These initiatives are designed to empower micro and small enterprises, promote job creation, and enhance the quality of life in marginalized communities.

Uploaded by

samrudhibongale28
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
3 views2 pages

Assignment 5

The document outlines various funding schemes available for startups and social enterprises in India, including the Startup India Scheme, Atal Innovation Mission, Social Entrepreneurship Fund, and MUDRA Scheme. Each scheme provides specific financial support, mentorship, and resources aimed at fostering innovation, entrepreneurship, and addressing societal challenges. These initiatives are designed to empower micro and small enterprises, promote job creation, and enhance the quality of life in marginalized communities.

Uploaded by

samrudhibongale28
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Assignment No: 5

Visit a Bank/financial Institution to enquire about various


funding schemes for SSE.

1. Startup India Scheme (SIS):


The Startup India Scheme is a flagship initiative launched by the Government of India in
2016 to foster innovation, create job opportunities, and promote entrepreneurship across the
country. The scheme aims to support startups through various measures such as tax
exemptions, ease of doing business, and access to funding. Under the scheme, startups are
eligible for income tax exemptions for the first three years, and they can apply for a self-
certification process to comply with labor and environmental laws. The government also
provides funding support through the Fund of Funds for Startups (FFS), which is managed by
the Small Industries Development Bank of India (SIDBI) to provide equity funding. Additionally,
the scheme facilitates incubation centers, research parks, and accelerators to help startups
scale up. Entrepreneurs can also benefit from easier registration processes through the
Startup India Hub, which acts as a single platform for resources, and they gain access to
government contracts and tax benefits like tax holidays for the first three years. The scheme
also aims to create a culture of innovation and sustainability, making India a global hub for
startups.

2. Atal Innovation Mission (AIM):


The Atal Innovation Mission (AIM) is an initiative by the Government of India, launched
by the NITI Aayog, to promote a culture of innovation and entrepreneurship across the
country. AIM focuses on fostering innovation at the grassroots level by supporting institutions
that stimulate innovation, provide mentorship, and create a conducive environment for young
entrepreneurs and startups. The mission includes setting up Atal Tinkering Labs (ATLs) in
schools to encourage students to develop a passion for innovation, science, and technology.
Additionally, AIM operates Atal Incubation Centers (AICs), which offer financial assistance,
mentorship, and networking support to startups and social enterprises working on innovative
solutions for societal challenges. AIM also runs the Atal New India Challenge, which provides
funding for startups and social enterprises working on impactful technologies that align with
India's developmental goals. Through these initiatives, AIM aims to create a sustainable
innovation ecosystem, support the growth of social enterprises, and help scale up solutions
addressing critical issues like healthcare, education, and environmental sustainability.
3. Social Entrepreneurship Fund (SEF):
The Social Entrepreneurship Fund (SEF) is an initiative launched by the National Bank
for Agriculture and Rural Development (NABARD) in India to support social enterprises that
focus on addressing critical social, economic, and environmental challenges, particularly in
rural areas. SEF provides financial assistance through grants and low-interest loans to social
enterprises working on projects related to rural development, sustainable agriculture,
healthcare, education, women’s empowerment, and clean energy. The fund aims to foster
innovation and encourage sustainable development in underdeveloped regions by
empowering social enterprises that can bring about positive change and improve the quality
of life for marginalized communities. SEF also works to facilitate capacity building and provide
access to resources that can help scale social impact initiatives. The funding is available to
non-profits, NGOs, and social enterprises that demonstrate a clear commitment to addressing
pressing societal issues with scalable and sustainable solutions. Through this fund, NABARD
seeks to bridge the gap in financing for rural-focused social enterprises and foster long-term
positive impact.

4. MUDRA Scheme (Micro Units Development and Refinance Agency)


The MUDRA Scheme (Micro Units Development and Refinance Agency) was launched
by the Government of India to provide financial support to micro and small enterprises,
particularly those in the informal sector, to promote entrepreneurship and job creation.
MUDRA offers microfinance through banks, non-banking financial companies (NBFCs), and
microfinance institutions (MFIs) to businesses operating in manufacturing, trading, and
services sectors. Under the scheme, loans are categorized into three types: Shishu (up to
₹50,000), Kishore (₹50,000 to ₹5 lakh), and Tarun (₹5 lakh to ₹10 lakh), depending on the
business's growth stage. The scheme primarily targets micro-entrepreneurs, including
women, and is designed to help small businesses gain access to much-needed credit to
expand their operations. MUDRA aims to address the financial needs of entrepreneurs who
typically lack access to traditional banking services. The initiative is an important step
towards empowering small-scale businesses and fostering inclusive growth by providing
affordable financing solutions. Additionally, MUDRA supports capacity-building programs to
help these businesses improve their operations and achieve long-term sustainability.

You might also like