SAMRIDH Programme

SAMRIDH Programme Latest News

Recently, the Union Minister of State for Electronics and Information Technology informed the Rajya Sabha about the SAMRIDHA 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. 
  • It focuses on accelerating the startups by providing customer connect, investors connect and connect to international markets.
• Target: 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 Assistance: 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).
• Nodal Ministry: Ministry of Electronics & IT

Source: PIB

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