The need for small businesses has increased to move the economy forward in the country. In such a situation, the role of startups becomes very important. Under the leadership of Prime Minister Narendra Modi, the Government of India has launched several schemes to promote startups. All the youth of today want to bring startups, but capital is a big problem in front of them. In such a situation, seed funding can be obtained through an easy process for startups through the central government scheme.
Get a loan of 50 lakhs at just 5% interest
Startup India is the most special mission for the employment of youth. For startups, any young entrepreneur can get initial funding of up to Rs 50 lakh from the government. In the Startup India scheme, initial capital is given in the form of seed funding from the government. Loans up to Rs 50 lakh are available. The loan is available at only 5 percent annual interest. That is, on a loan of Rs 50 lakh, you pay only two and a half lakh rupees interest in a year.
How do startups get seed funding?
For startups to receive seed funding, it needs to be DPIIT certified. Visit the Startup India website and register. Fill out the application and submit it. It may take a few months to get a DPIIT certificate. Unless the DPIIT certificate is obtained, seed funding cannot be obtained. On receipt of the DPIIT certificate, apply for the loan on the seedfund portal of the Startup India website.
I have put up a detailed thread of how we got this loan from GOI at 5%
Its only meant for DPIIT approved startups. I have also put the website links for easy navigation.
Retweet for max reach to all upcoming startups. https://t.co/0zumWN5054
— Pritesh Lakhani (@priteshlakhani) November 28, 2024
