Startup India Seed Fund Scheme (SISFS) has been implemented with effect from 1st April 2021. An amount of Rs 945 crore will be spent in the next four years to provide seed funding to the eligible people under the scheme. startup Through eligible incubators across India. It will support an estimated 3,600 entrepreneurs through 300 incubators over the next 4 years.
In addition, under the ‘Call for Applications’ for startups, which was launched on July 19, 2021, applications have been received from 1,446 startups under the scheme.
“Out of this, 95 startups have been selected for funding up to November 16, 2021 with a total grant of Rs 9.70 crore,” it said on Monday.
According to the Ministry of Skill Development and Entrepreneurship, as of October 27, 2021, Small Industries Development Bank of India (SIDBI) has committed Rs 5,894 crore to 75 Alternative Investment Funds (AIFs), of which Rs 7,381 crore has been invested in 517 Huh. Startups across India.
The government has set up the Fund of Funds for Startups Scheme (FFS) to meet the funding needs of startups across the country. It is envisaged to provide a total amount of Rs 10,000 crore in the 14th and 15th Finance Commission cycles depending on the progress of the scheme and the availability of funds.
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In a separate response, the Ministry of Skill Development and Entrepreneurship informed the House that as of July 16, 2021, 1.3 crore candidates have been registered on the ASEEM portal, including directly registered candidates and candidates registered on the Skill India Portal (SIP). .
The government had launched the Atmanirbhar Skilled Employer Employer Mapping (ASEEM) portal, which acts as a directory of skilled workforce.
The objective was to provide a platform that matches the supply of skilled workforce with market demand, thereby facilitating better livelihood opportunities for youth and availability of ready skilled manpower to employers. Presently, the data or profile of about 10 lakh migrant is available on ASEEM.