SISFS is a scheme launched by the Government of India to provide financial assistance to early-stage startups. The scheme aims to provide seed funding to startups with innovative business ideas and high growth potential.

Who is eligible for SISFS?

Startups that are less than 5 years old and have a turnover of less than Rs. 100 crore are eligible for SISFS. The startups must also be registered in India and have a physical presence in the country.

How much funding can a startup get under SISFS?

The maximum amount of funding that a startup can get under SISFS is Rs. 10 crore. The funding is provided in the form of a grant and does not have to be repaid.

What are the eligibility criteria for SISFS?

To be eligible for SISFS, a startup must meet the following criteria: * It must be less than 5 years old. * It must have a turnover of less than Rs. 100 crore. * It must be registered in India. * It must have a physical presence in India. * It must have a strong business plan and a high growth potential.

What are the benefits of SISFS?

The benefits of SISFS include: * Access to seed funding * Support from mentors and experts * Networking opportunities * Exposure to investors

How can I apply for SISFS?

To apply for SISFS, you can visit the Startup India website and fill out the online application form. The application form is available in English and Hindi.

What is the timeline for SISFS?

The application window for SISFS is open from January 1 to March 31 every year. The results of the application process are announced in May every year.

What is the process of applying for SISFS?

The process of applying for SISFS is as follows: 1. Visit the Startup India website and fill out the online application form. 2. Upload the required documents. 3. Pay the application fee. 4. Submit the application form.

What are the documents required for SISFS?

The documents required for SISFS include: * Proof of registration of the startup * Proof of address of the startup * Proof of turnover of the startup * Business plan of the startup * Financial statements of the startup

What is the application fee for SISFS?

The application fee for SISFS is Rs. 1,000.

What is the timeline for processing the application for SISFS?

The application for SISFS is processed within 60 days of the submission of the application form.

What is the outcome of the application for SISFS?

The outcome of the application for SISFS is either approval or rejection. The decision of the government is final and cannot be challenged.

What are the steps to receive the funding under SISFS?

Once your application is approved, you will be required to sign a memorandum of understanding (MoU) with the government. After signing the MoU, you will be able to receive the funding.

What are the terms and conditions of the funding under SISFS?

The terms and conditions of the funding under SISFS are as follows: * The funding is provided in the form of a grant and does not have to be repaid. * The funding is used for the development of the startup's product or service. * The funding is used for the marketing and promotion of the startup's product or service. * The funding is used for the hiring of employees. * The funding is used for the purchase of equipment.

What are the reporting requirements for the funding under SISFS?

The startups that receive funding under SISFS are required to submit the following reports to the government: * A quarterly progress report * An annual report * A financial statement

What are the penalties for non-compliance with the terms and conditions of the funding under SISFS?

The startups that do not comply with the terms and conditions of the funding under SISFS may be penalized as follows: * The funding may be withdrawn. * The startup may be blacklisted. * The startup may be prosecuted.