It can be tough for startup owners to find their footing in the dynamic business ecosystem with the many hurdles they need to navigate to implement their ideas. The Government Of India has stepped in and introduced various schemes to support budding entrepreneurs in their journey and help them become competitive players in major markets.

Whether it’s financial grants, mentorship programs or access to global markets, there’s a scheme for every kind of startup. With so many government schemes for business startups and an overwhelming amount of information figuring out the right one that aligns best with your business goals can feel like yet another hurdle.

With this blog, we will help you uncover the top 10 Indian government startup schemes that you can take advantage of to boost your business growth.

KIIC is one of the best startup incubators in Coimbatore with a robust support system to kickstart your entrepreneurial journey and turn your creative ideas into impactful businesses.

1) Startup India Initiative:

If you are a startup owner this scheme can be a game-changer for your new business, with self-certifications and simplified regulatory processes, it allows you to focus on expanding your business.

This scheme has helped more than 58,000 startups grow, creating around 1.75 lakh job opportunities. And that’s not all, it improves your startup’s visibility enabling you to connect with relevant industry professionals, mentors and investors.

2) Startup India Seed Fund Scheme (SISFS):

If you are finding it tough to secure funding for your start-up during the initial years, then this scheme is for you. It provides financial assistance of up to INR 10 crore through accredited startup incubators registered with Startup India.

To qualify for this scheme, your startup should be in its early stages, specializing in mobile apps, healthcare & diagnostics, cleantech, education, etc., and incorporated as a private limited company with a minimum viable product (MVP).

3) Credit Guarantee Scheme for Startups (CGSS):

If you are struggling to secure credit then this government loan scheme for startups in India will help you overcome your financial hurdles with loans of up to INR 5 crore through participating banks.

It opens you to flexible term loans, working capital loans and purchase order financing options. Also, you get to benefit from up to 80% loan guarantee with low interest rates and extended repayment periods.

To be eligible for this scheme your startup should be registered as a private limited company, making a turnover of up to INR 50 crore in the previous financial year.

4) Atal Innovation Mission (AIM):

If you are working on innovative solutions in the field of healthcare, education or agriculture spheres the Atal Innovation Mission (AIM) will be well suited for your startup business. With grants of up to INR 10 crore, this government business startup scheme encourages groundbreaking ideas.

AIM has unique programs like the Atal Tinkering Labs (ATL) and the Atal Incubation Centers (AIC) that encourage scientific thinking and innovation in schools and for startup businesses across multiple sectors.

This scheme offers grants for prototype development, market research, and capacity building for educational institutions, incubators, and research institutions for establishing ATLs or AICs.

5) Software Technology Parks of India (STPI):

This scheme offers tax benefits, infrastructure support, and incubation facilities for IT and ITES startup businesses that focus on exports. Also enabling the growth of over 85,000 STPI units generating over INR 5.5 lakh crore collectively in IT/ITES product and service exports.

STPI NEXT is a special initiative that is tailored exclusively for startup businesses working in cutting-edge domains like AI, AR/VR, and IoT, ensuring they have the necessary resources to excel.

6) Pradhan Mantri Mudra Yojana (PMMY):

The PMMY government funding schemes for startups in India provide collateral-free loans ranging from ₹50,000 to ₹10 lakh for MSMEs.

Many micro and small enterprises across various sectors have benefited from this scheme as they offer flexible repayment options and subsidies on interest rate without the need for any collaterals.

7) Ebiz Portal:

Ebiz is a single window platform that simplifies your startup business operations with easy registration and approval processes. It offers multiple services like company registration, GST compliance, licenses, approvals, and clearances.

With online tracking and quick process times, it allows startup owners to focus on growing and expanding their business.

8) Dairy Processing and Infrastructure Development Fund (DIDF):

This startup loan scheme provides dairy cooperatives, farmer-producer organizations, and private companies with resources to purchase necessary processing equipment, build infrastructure and establish cold chain facilities to scale operations and improve efficiency.

9) Startup Intellectual Property Protection Scheme (SIPPS):

This government funding scheme for startups in India enables registered startups to safeguard ideas with patents, trademarks, and copyrights by reimbursing 50% of filing fees up to a maximum of ₹5 lakh.

10) Market Access Promotion Scheme (MAPS):

This government of India scheme for startups provides the necessary resources for export-oriented businesses registered with DGFT to participate in international trade fairs and exhibitions. It offers a platform to connect with potential international buyers opening up new avenues for your business to establish a strong presence in the international market.

With the increasing number of startups, Coimbatore is fast emerging as a dynamic hub for startups. Collaborate with the best startup incubators in Coimbatore to nurture your entrepreneurial dreams with access to mentorship, funding opportunities and industry networks.

Coimbatore is fast emerging as a dynamic hub for startup businesses and its thriving ecosystem is attracting business owners. Collaborate with the best startup incubators in Coimbatore to nurture your entrepreneurial dreams with access to expert mentorship, funding opportunities and extensive industry networks.

Also, you can get to know about the various government schemes for business startups designed to support budding businesses, which will make your entrepreneurial journey smoother.