Scheme Name: Seed Funding Support

State: Bihar

Description of the Scheme: Seed Grant up-to Rs.10 lakhs per start-up as interest free loan for 10 years shall be provided to startups. Financial assistance shall be released on achieving milestones/phases and performance parameters defined by Incubation Center and trust. Financial assistance shall be provided to startups for validation of idea, prototype development, assistance towards travelling costs and carrying out field/market research/skill training/marketing and initial activities to setup a startup, etc. Actual amount of funding shall be based on assessment made jointly by incubation centre and Expert Committee. Loan shall be returned after 10 years. An amount equal to 5% of seed grant shall also be contributed by the Incubatee into the startup

Target group :

Sector of the Scheme:

Eligibility Criteria:

Nature & Mode of Assistance: Incentives/provisions under Bihar Industrial Incentive Policy will be available to startups. However the incentive for the same component cannot be claimed from more than one scheme

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply: Visit the District Industry Commission

Whom to Contact: District Office of Industries/DIC