Start Up India Scheme | Government Funding For Business Startup | Govt Financial Scheme 2024

Optage broadcasting is a media channel that allows clients to boost their business by using a tool that is social media. We have learned the skill of using this digital tool to an extent where we are capable of boosting the business of our clients. Beginning from promotion marketing to business promotion, we leave no stone unturned while working for our clients.
Prime Attributes of the Start Up India Initiative:
The Prime Minister of India, Mr Narendra Modi, introduced the Start Up India Initiative in April 2016, encouraging individuals from the scheduled caste and scheduled tribes as well as women nationwide to embark on entrepreneurial ventures by extending them financial assistance to initiate a business endeavor.
Outlined below are the principal characteristics of the Start Up India initiative:
The initiative is an integral component of a campaign spearheaded by the Department of Financial Services (DFS), Ministry of Finance, aimed at fostering entrepreneurial ventures.
Funding ranging from Rs 10 lakhs to Rs.1 crore will be allocated as a loan, encompassing operational capital for the establishment of a novel enterprise.
The initiative stipulates that each bank branch should facilitate, on average, two entrepreneurial ventures- one for SC/ST individuals and another for a female entrepreneur.
A RuPay debit card will be furnished for the withdrawal of credit.
The borrower's financial history will be meticulously recorded by the bank to prevent misuse of funds for personal purposes.
A refinancing mechanism will be established through the Small Industries Development Bank of India (SIDBI) with an initial fund allocation of Rs.10,000 crore.
Under this initiative, a corpus of Rs.5000 crore will be formed for credit guarantees via NCGTC.
Assistance will be extended to borrowers through comprehensive pre-loan training encompassing loan facilitation, factoring, marketing, etc.
A web portal has been established to offer online registration and ancillary support services.
The primary objective of this initiative is to fortify the institutional credit framework by extending bank loans to marginalized segments of the populace for ventures in the non-agricultural sector.
This initiative will complement existing schemes administered by other departments.
The Start Up India initiative will be steered by the Small Industries Development Bank of India (SIDBI) in collaboration with the Dalit Indian Chamber of Commerce and Industry (DICCI). Additionally, sector-specific institutions will also be involved.
Start Up Connect Centres (SUCC) designation will be conferred upon SIDBI and the National Bank of Agriculture and Rural Development (NABARD).
An initial fund allotment of Rs.10,000 crore will be earmarked for the Small Industries Development Bank of India (SIDBI) to dispense financial aid.
A preparatory phase and an operational phase will be integral to this initiative, with authorities and personnel offering support throughout these stages.
To facilitate access to credit for entrepreneurs, the composite loan's margin money will be capped at 25 percent.
Prospective applicants of this initiative will receive guidance on utilizing online platforms and other resources such as e-marketing, web entrepreneurship, factoring services, and registration.
So, if you're serious about taking your business to new heights and securing a brighter future, then you owe it to yourself to watch this video till the end. Trust me, you won't regret it!
The Best Company Registration Service Provider : oneclickbusine...
Or call directly : tel:[phone]
Don't forget to hit that like button, subscribe to our channel for more insightful content, and hit the bell icon to stay updated on our latest uploads. Until next time, stay motivated and keep hustling!
#StartUpIndia #GovernmentSchemes #entrepreneurship #businesstips #startups #successstrategies #startupindiastandupindia
Follow Optage on Facebook: / optagebroadcasting
Follow Optage on Instagram : / optagemedia
Check out our Website : optagebroadcas...

[@senotighosh1163]

Thanks a lot for the information. This is the best descriptive video for me regarding Start up India Registration 👏🙏