Context
- The Ministry of Electronics and Information Technology (MeitY) recently provided an update on the SAMRIDH Programme in Parliament.
- 43 accelerators across 16 States have been selected under the programme, supporting 373 start-ups, of which 241 have secured matching funding.
About SAMRIDH
- SAMRIDH stands for Startup Accelerator of MeitY for Product Innovation, Development and Growth and was launched in August 2021,
- The programme aims to help selected accelerators identify and scale promising IT-based start-ups.
- It targets around 300 technology start-ups and focuses on areas such as Health-tech, Ed-tech, Agri-tech, Consumer-tech, Fin-tech, Software as a Service (SaaS) and sustainability.
Key Features
- Accelerator-led support: Start-ups receive mentoring, customer linkages, investor access and opportunities to enter international markets.
- Financial assistance: Selected accelerators receive ₹2 lakh per start-up, while eligible start-ups can receive matching funding of up to ₹40 lakh.
- Implementation: MeitY Start-up Hub (MSH), an Independent Business Division of Digital India Corporation (DIC), monitors and evaluates participating accelerators and start-ups.
FAQs
- What is SAMRIDH?
SAMRIDH is a MeitY programme that supports accelerators in identifying and scaling promising IT-based start-ups.
- When was SAMRIDH launched?
It was launched in August 2021 by the Ministry of Electronics and Information Technology.
- What financial support is available under SAMRIDH?
Selected accelerators receive ₹2 lakh per start-up, while eligible start-ups can receive matching funding of up to ₹40 lakh.
- How many start-ups have been supported?
As per the latest government data, 373 start-ups have been accelerated, of which 241 have secured matching funding.
- Who implements SAMRIDH?
It is implemented through the MeitY Start-up Hub (MSH) under the Digital India Corporation (DIC).
- Which areas does SAMRIDH cover?
Its focus includes Health-tech, Ed-tech, Agri-tech, Consumer-tech, Fin-tech, SaaS and sustainability.
