India is home to over 80,000 startups and 100 unicorns valued at $300 billion, but many still face challenges such as securing funding, building infrastructure, and dealing with regulations. To help, the government launched the Startup India Initiative on January 16, 2016, led by Prime Minister Narendra Modi, to make it easier to start and grow businesses in India.

A big part of this program is the Startup India Seed Fund Scheme (SISFS), started in 2021, with a budget of ₹945 crore. This scheme gives startups financial help to test their ideas, create prototypes, and bring products to market. Startups can get up to ₹20 lakh to develop their ideas and up to ₹50 lakh to expand their operations.

By the end of 2023, the scheme had partnered with 217 incubators and provided ₹841.8 crore to support new businesses across the country. This is helping entrepreneurs turn their ideas into successful ventures. These initiatives have significantly contributed to nurturing early-stage startups in India, providing them with the necessary financial support to innovate and scale their operations.