Recently, the Union Minister of State for Electronics and Information Technology informed the Rajya Sabha about 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.
The program also focuses on accelerating the startups by providing customer and investors connect to international markets.
Target: The program supports 300 tech Start-Ups in 3-year duration with cohort size of 5-10 StartUps.
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).
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