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A named Chandigarh founder puts real numbers on the gap between the promised 60-day SISFS disbursal and the actual 4 to 5 months founders wait from incorporation to money in the account. He also names the hidden costs (incubators pushing for equity, space charges, quid-pro-quo) that nobody puts in the scheme brochure, which is exactly why you plan a bridge instead of trusting the timeline.
Unwanted Paperwork, Delays and Opaque Process: A Founder Exposes the Startup India Seed Fund Scheme
From Startupro News by Startupro News (featuring founder Sunil Kumar Poonia) 7 min read
- The written rule is 45 days to select and 60 days to disburse; the lived reality he reports is 4 to 5 months, and slow incubators plus heavy due diligence are the reason.
- An approved grant is not clean money: intermediaries can attach equity asks, space charges, or informal conditions, so read who sits between you and the funds.
- Founders outside metros and those over the 2-year age cutoff face structural friction, so do not assume traction alone gets you paid on time.
