SAMRIDH Scheme, Ministry, Objective, Latest News

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SAMRIDH Programme Latest News

Recently, the union Minister of State for Electronics and Information Technology informed the Lok Sabha about the SAMRIDH Programme.

About SAMRIDH Programme

The Startup Accelerator of MeitY for Product Innovation, Development, and Growth (SAMRIDH) is a flagship programme of the Ministry of Electronics & IT (MeitY).
Aim: It aims to support existing and upcoming Accelerators to select and accelerate potential IT-based startups to scale.
Among others, the program focuses on accelerating the startups by providing customer connect, investors connect and connect to international markets.
Support: The program supports 300 tech Start-Ups in 3-year duration with cohort size of 5-10 StartUps.
- In the first round of cohort, 22 Accelerators spread across 12 states are supporting 175 startups, selected through a multilevel screening process.
Financial Support: It provides financial support of ₹2 lakh per startup to selected accelerators, along with matching funding to startups up to a maximum of ₹40 lakh.
Implementation: It is being implemented by MeitY Start-up Hub (MSH), Digital India Corporation (DIC).

Source: PIB

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