The Government of India's Startup India initiative aims to foster innovation and offer aspiring entrepreneur's ample opportunities by nurturing a strong startup ecosystem within the country. On January 16, 2016, the Hon'ble Prime Minister unveiled an Action Plan consisting of 19 action points to drive the Startup India initiative. This comprehensive plan outlined a strategic roadmap for establishing a favorable environment that supports the growth of startups in India.
Startup India Seed Fund Scheme (SISFS), provides crucial financial assistance to early-stage startups, assisting them in their initial phases of development. The Social Impact Seed Funding Scheme (SISFS) is a transformative initiative aimed at fostering positive change in society by supporting and nurturing social impact startups. SISFS recognizes the immense potential of startups dedicated to creating a lasting social impact and provides them with the necessary seed funding and resources to bring their innovative ideas to life.