Are there any grants for starting IT business in India?


3

I have a unique and viable idea but no seed money. I also have low qualification (no college education) so no chance of funding by VCs.

I am aware of many programs by US and other governments. Are there any similar programs in INDIA?

Funding India Seed Funding

asked Nov 12 '10 at 22:46
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User5359
48 points
Get up to $750,000 within 24 hours with a small business loan from Clarify Capital

1 Answer


8

The Government of India has setup a Credit Guarantee Fund Trust for Micro and Small Enterprises.

It provides guarantee for loans upto 1 Core rupees based purely on your business plan. Also if your loan amount is less, you wont be charged anything if your startup fails. Its very much like a grant.

Also, there are many other schemes. You can look here for more information.

Hope this was helpful.

answered Nov 12 '10 at 22:55
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Prateek Mishra
137 points
  • Thanks! The article was really helpful and the CGTMSE sounds really good. You just made my day!!! – User5359 8 years ago

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