MEITY SAMRIDH Scheme Online Registration | MEITY SAMRIDH Scheme Application Form | MEITY SAMRIDH Scheme Registration Process
The government implements various programmes to promote and empower new ventures and boost entrepreneurship, economic growth, and employment across the country. Today, we’ll tell you about the MEITY SAMRIDH Scheme, which the Ministry of Electronics and Information Technology introduced.
The government will offer funding to companies through this programme. By reading this article, you will learn about the scheme’s application procedure, benefits, features, eligibility, registration process, objective, and required documents. So, if you’re interested in taking advantage of the MEITY SAMRIDH Scheme, please read this post thoroughly.
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What is the MEITY SAMRIDH Scheme?
To push the start-up ecosystem forward, the Indian government offers a variety of incentives in the form of initiatives and financial support. Many citizens are encouraged to establish their own businesses due to this support, so the Ministry of Electronics and Information Technology has created the MEITY SAMRIDH Scheme to provide financial assistance to all software entrepreneurs with innovative solutions and proof of concept for their products.
- Startups will be given a platform through this scheme to improve their product and receive financing to develop their firms. Existing and new accelerators will be assisted in expanding their services. The government will grant up to Rs 40 lakh in capital to entrepreneurs through accelerators under this scheme based on their present valuation and growth stage.
- Accelerators can apply online to become MEITY partners and deliver a 6-month start-up accelerator programme each year. Approximately 300 tech businesses will be supported through this programme, which will be divided into 40 cohorts.
Key Highlights of MEITY SAMRIDH Scheme 2022
| Name Of the Scheme | MeitY SAMRIDH Scheme |
| Launched By | Ministry Of Electronics and Information Technology |
| Beneficiary | Start-ups |
| Objective | To Provide Funding to The Start-ups |
| Official Website | Click Here |
| Year | 2022 |
| Financial Assistance | Rs 40 Lakh |
| Mode Of Application | Online/Offline |
Required Documents for MEITY SAMRIDH Scheme
- Aadhar card
- Residence certificate
- Income certificate
- Bank account details
- Passport-size photograph
- Mobile number
The objective of MEITY SAMRIDH Scheme
As you may be aware, many firms fail within four years of their founding. Not because of poor product quality, but because of a lack of investment or a lack of talent development. With this in mind, the Indian government has developed the MEITY SAMRIDH Scheme. The MEITY SAMRIDH scheme's main goal is to provide funding assistance to entrepreneurs so they can succeed.
Entrepreneurs will receive financial assistance and skill sets through this programme. Services like consumer connections, investor connections, and international connections will be helpful to start-ups.
This programme will help propel the start-up ecosystem forward. Entrepreneurs can now obtain money to help them expand their businesses.
Eligibility Criteria of MEITY SAMRIDH Scheme
- The accelerator must have been in the incubation business for at least three years. Accelerator must have helped at least 50 companies, at least 10 of which got non-public funding, or have a targeted accelerator programme with at least three cohorts and activities identified as desirable under Samridh.
- The accelerator must have a presence in India.
- Accelerators must have the appropriate space and infrastructure to conduct start-up activities.
- Should be able to demonstrate capability in terms of
- Build a cohort to help you launch a deep-tech software product faster.
- partnered with a top business mentor
- Make contact with a venture capitalist or an angel investor.
- Supporting start-ups as they enter the domestic and international markets
The Pradhan Mantri Jan Arogya Yojana (PMJAY), often known as the Ayushman Bharat Yojana Scheme, is the government of India’s flagship scheme. It is essentially a health insurance programme aimed at the poor, lower-income, and vulnerable members of society.
Benefits And Features of MEITY SAMRIDH Scheme 2022
- The government has launched the MEITY SAMRIDH plan to provide various forms of rewards to promote the start-up ecosystem.
- The government will grant financial assistance to start-ups with a great idea and a proof of concept for their product.
- Many citizens will be inspired to start their own businesses due to this programme.
- The Ministry of Electronics and Information Technology will be in charge of putting this plan into action.
- Start-ups will gain access to a platform to improve their products and secure funding to help them scale their businesses.
- Existing and new accelerators will be given help to expand their services under this scheme.
- The government would grant up to Rs 40 lakh in cash to accelerators for businesses based on their current valuation and growth stage.
- Accelerators can apply online to become MEITY partners and deliver a 6-month start-up accelerator programme each year.
Implementing Agency of MEITY SAMRIDH Scheme
- MEITY Start-up Hub Implementing agencies will construct a project management unit to implement the MEITY SAMRIDH Scheme.
- This unit will be in charge of putting this screen together.
- The MEITY start-up centre will accept stock in start-ups in exchange for government contributions in the form of a promissory note or a safe note, similar to an accelerator, which will be used to ensure the program’s self-sustainability.
- A Scheme Management Committee will also be formed to oversee all areas of the scheme’s effective implementation.
- The scheme management committee will be in charge of periodically monitoring the program’s progress regarding its goal.
- This committee also gives advice and recommends adjustments or amendments to the programme to improve it.
Frequently Asked Questions (FAQs)
What is the selection procedure for accelerators?
- The implementing authorities will invite eligible accelerators to declare their interest.
- An expert group comprising government, industry, and investor members will choose the accelerators.
- Accelerators with past cohort-running experience will be given priority over others.
What are the services and activities of accelerators?
The accelerator will be tasked with building bespoke acceleration programmes in the cohort and providing services such as customer connect, investor connect, capacity enhancement, product enhancement, and so on, to meet the demands of each business. The above-mentioned activities have a budget of 2 lakh per start-up up to a maximum of 20 lakh per cohort. In each of the cohorts that the shortlisted accelerator offers, a maximum of 10 companies and a minimum of 5 start-ups working in the domain of software products are eligible for sponsorship. The following are the services that will be provided to start-ups:
- Expert market research and product positioning diagnostics
- Co-learning monitoring of a start-up by experts based on the tech vertical
- Legal aid in all areas, including intellectual property, collaboration, and other issues.
- Through a shared platform, connected learning and networking are possible.
- Every week, all start-up entrepreneurs get together.
- Presentation to VCs and Angel Investors on Demo Day
- Start-ups receive assistance in negotiating and concluding funding transactions with venture capitalists and angel investors.
How to Register as Start-ups?
- To begin, go to the ministry of electronics and information technology start-up hub’s official website.
- Before you, the home page will appear.
- On the homepage, go to the start-up area and click on register.
- Before you, a registration page will appear.
- On the registration page, you must fill in the following information: –
- Entity’s name
- Website
- Registration status with the Start-up India programme
- The size of the team
- Stage
- Type of funding
- A short Description
- Address of registration
- Country
- State
- City
- Postal Zip code
- Name of the company’s representative
- Emails from company representatives
- Number to call
- You must now upload your company’s logo.
- After that, you must press the submit button.
- You can register as a start-up by following this approach.
How To Do Start-up Login?
- Visit the ministry of electronics and information technology’s start-up hub’s official website.
- Before you, the home page will appear.
- Now, beneath the setup area, you must click on login.
- Before you, a login screen will appear.
- You must enter your login and password on this page.
- You must now click on sign in.
- You can do a start-up login by following this approach.
How To Register as Incubator?
- Visit the ministry of electronics and information technology’s start-up hub’s official website.
- Before you, the home page will appear.
- On the homepage, go to the incubator area and click on register.
- Before you, a registration page will appear.
- You must provide your company’s logo.
- You must now fill in the following information.
- Incubation centre’s name
- Legal entity’s name
- Number of registrations
- Website
- Legal standing
- Whether you’re linked with a university or an R&D organisation,
- Address of registration
- The most important currency is
- Country
- State
- City
- Total number of seats available
- Space for incubation is available.
- Domain
- CEO’s name
- Phone number
- Authorized signatory’s name
- Email address for the contact person
- Designation
- Name of the contact person
- Mobile phone number of the contact person
- After that, you must press the submit button.
- You can register as an incubator by following this approach.
How To Do Incubator Login?
- To begin, go to the ministry of electronics and information technology start-up hub’s official website.
- The home page will appear in front of you, and you must now click on the login link under the incubator area.
- A new page will open up in front of you.
- On this new screen, you must enter your username and password.
- You must now click on sign in.
- You can log in to the incubator by following this approach.
How To Register as Mentor?
- Visit the ministry of electronics and information technology’s start-up hub’s official website.
- Before you, the home page will appear.
- On the homepage, go to the mentor area and click on register.
- Before you, a registration page will appear.
- You must provide your company’s logo.
- You must now fill in the following information.
- Mentor’s surname
- Number to call
- Skills
- Domain
- About
- Any affiliation with a company
- Details about the start-up activity and innovation ecosystem incubation programme
- After that, you must upload the necessary documents.
- Now you must press the submit button.
- You can register as a mentor by completing this procedure.
How to Do Mentor Login?
- Visit the ministry of electronics and information technology’s start-up hub’s official website.
- Before you, the home page will appear.
- Now you must go to the mentor area and click on login.
- You must then enter your login and password.
- You must now click on sign in.
- You can accomplish mentor login by following this approach.
How to Participate in Challenges?
- To begin, go to the ministry of electronics and information technology start-up hub’s official website.
- Before you, the home page will appear.
- You must click on the participation option under the challenge section on the homepage.
- A list of challenges will now display in front of you.
- To take part in any challenge, you must first select the option to participate.
- Following that, an application form will display in front of you.
- Up this application form, you must fill in all pertinent information.
- Now you must press the submit button.
- You can take part in challenges if you follow this approach.
How to View Challenge Result?
- Visit the ministry of electronics and information technology’s start-up hub’s official website.
- Before you, the home page will appear.
- Now, under the challenges section, you must click on results.
- After that, you must choose a challenge that you want to take on.
- Now you must select View Result from the drop-down menu.
- To materialise in front of you, you’ll need the following information.
How to Contact?
- Visit the ministry of electronics and information technology’s start-up hub’s official website.
- Before you, the home page will appear.
- You must click on the reach us link on the homepage.
- A new page will open up in front of you.
- On this new page, you must provide your name, email address, and message.
- After that, you must press the submit button.
Helpline Number
MSH Related Query
- Email: MEITY-sthub@gov.in
- Telephone: +91-11-24301419
MEITY Start-up Hub
- Address- Room Number: 2214, Ministry of Electronics and Information Technology, Electronics Niketan, 6, CGO Complex, Lodhi Road, New Delhi-110-003
- Phone: +91-11-24301715/24364799
- Email: MEITY-sthub@gov.in
MEITY Start-up Hub
- For any technical query 011-24301419