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Why we picked it This is the benchmark to hold any private accelerator against. Under SISFS the government routes money to you THROUGH DPIIT-recognised incubators as a grant of up to 20 lakh (plus up to 50 lakh as debt or convertible debenture), so a vetted incubator can back you without charging a fee. If a program is asking for cash AND equity for less, ask why you shouldn't just apply here to an empanelled incubator instead.
About the Startup India Seed Fund Scheme (SISFS)
From Startup India (Seed Fund portal) by DPIIT, Government of India portal
- The scheme funds you through DPIIT-recognised incubators, giving you a government-vetted list of real programs to apply to
- Grant of up to 20 lakh for proof of concept plus up to 50 lakh debt/convertible debenture sets a fair, low-dilution reference point
- If a private program wants a fee plus more equity than this, that gap is your leverage to walk