Why we picked it The clearest single-page explainer of the SISFS mechanics that trip founders up: you never apply to DPIIT directly, you apply to up to three empanelled incubators, and the money splits into a non-dilutive grant (up to 20 lakh for proof of concept or prototype) plus repayable/convertible instruments (up to 50 lakh for scaling). It spells out the 51% Indian shareholding rule, the under-2-years incorporation cap, and the 10 lakh prior-funding ceiling in one place.
Startup India Seed Fund Scheme (SISFS): Programs, Cohorts & Eligibility
From Startup Grants India by Startup Grants India 12 min read
- Grant up to 20 lakh for proof of concept/prototype/trials, plus up to 50 lakh as convertible debt for scaling
- You apply through empanelled incubators (up to three in preference order), not to DPIIT directly
- Hard gates: DPIIT-recognised, incorporated under 2 years, 51% Indian promoter shareholding, and under 10 lakh of prior government funding