Govt launches SAMRIDH Scheme to help startups in the early stage

The SAMRIDH initiative will not only provide funding to startups, but will also help in bringing skill sets together which will help them become successful

Just over a week after newly-appointed Minister of Electronics and Information Technology (MeitY) Ashwini Vaishnaw said the government will support startups and entrepreneurs in their initial phase, where they face most challenges, he launched Startup Accelerators of MeitY for pRoduct Innovation, Development and growth (SAMRIDH) programme on Wednesday.

SAMRIDH will create a conducive platform for Indian software product startups to enhance their products and secure investments for scaling their business. The programme is being implemented by MeitY Start-up Hub (MSH).  

Government will support startups and entrepreneurs in the most challenging phase which is the initial risk phase, Vaishnaw had said earlier.

The SAMRIDH