The government has constituted an experts advisory committee for the overall execution and monitoring of the Startup India Seed Fund Scheme. The committee would be chaired by H K Mittal from the Department of Science and Technology. The other representatives of the committee would include members from DPIIT, the department of biotechnology, science and technology, electronics and IT, Niti Aayog, and expert members from the startup ecosystem.
The committee will evaluate and select incubators for allotment of funds under the scheme, monitor progress and take all necessary measures for efficient utilisation of funds towards the fulfilment of objectives of the scheme.
Startup India Seed Fund Scheme (SISFS)
- The scheme has been approved for the period of the next four years starting from 2021-22, beginning from April 1, 2021.
- The government has earmarked Rs 945 crore corpus for the scheme, which will be divided over the next four years for providing seed funding to eligible startups through eligible incubators across India.