SAMRIDH Program of Ministry of Information Technology (MeitY)

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SAMRIDH Program of Ministry of Information Technology (MeitY)

SAMRIDH Program of Ministry of Information Technology (MeitY)

Recently the SAMRIDH program was launched by the Ministry of Electronics and Information Technology (MeitY).

  • Start-up Accelerators of MeitY for product Innovation, Development and growth (SAMRIDH)” programme launched by MeitY. Its objective is to provide impetus to the start-up system in the country.
  • It provides a supportive platform to Indian software product startups to enhance their products and get investments to grow their business.

Salient Features:

  • To focus on accelerating 300 Startups over the next three years by providing customer interaction, investor interaction and international reach.
  • Based on the current valuation and development stage of the startup, up to Rs 40 lakh will be invested in the startup through selected accelerators.
  • It will also facilitate equivalent investment through accelerators/investors. The program will be implemented by MeitY Start-up Hub (MSH).

Other initiatives taken to promote startups in India:

  • Startup India has been launched to catalyze the startup culture and build a strong and inclusive ecosystem. Startup India has been launched to catalyze the startup culture and build a strong and inclusive ecosystem. PRISM (Promoting Innovations in Individuals, Start-ups and MSMEs) Scheme aims to support individual innovators.
  • SIP-EIT is a scheme initiated by DeitY for providing financial support to startups and MSMEs to strengthen their competitiveness through innovation and its protection.

Source – The Hindu

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