Samriddhi – Scheme for Scheduled Caste/Scheduled Tribe Students for Setting Start-Ups
Ministry: Ministry of Education
Department: Department Of Higher Education
The scheme aims to provide opportunities for Scheduled Caste/Scheduled Tribe students to design, launch, and run their own business or startup after formal education is completed or during their final year of education. The scheme provides a limited one-time financial assistance of ₹20,00,000/-.
About This Scheme
Benefits
₹20.0 L
Total funding provided is ₹20,00,000/-.
₹20.0 L · one-time
Limited one-time financial assistance of ₹20,00,000/- is provided to the Institute.
₹2.0 L
Seed money of ₹2,00,000/- per startup will be given, and this amount is non-refundable.
Funding is allocated for nine startups of Scheduled Caste/Scheduled Tribe students.
₹2.0 L
₹2,00,000/- will be given to the institute specifically for meeting the expenditure associated with the selection procedure.
₹1.0 L · annual
₹1,00,000/- per year shall constitute a recurring grant portion of the total funding.
> Other Details
The total duration of the Scheme shall be for a period of 2 years.
100% of non-recurring funds are released at the time of the award of the scheme.
₹1.0 L
₹1,00,000/- each is released as recurring funding for two consecutive years.
The seed money is provided to passed out or present students for starting their own enterprise after completion of the formal education from the same institute.
> Conditions
The Institute must set up a committee to select nine already registered startups of Scheduled Caste/Scheduled Tribe students.
It is essential that the center has dedicated faculty serving as the Principal Coordinator and dedicated support staff to ensure smooth functioning and effective meeting of its objectives.
The Institute must devise a feedback mechanism to assess the importance of the program.
Feedback shall be obtained after each program from each of the beneficiaries.
If deemed necessary based on feedback, the Institute can update its curriculum for these programs.
Exclusions from Benefit
Startup beneficiaries who are already receiving benefits from other schemes of the All India Council for Technical Education or the Government of India will not be entitled to this scheme.
Eligibility
- •
- •
- •
- •
- •
- •
- •
- •
- •
Required Documents
- ✦Proof of All India Council For Technical Education Approval (Institute Status)
- ✦Proof of Institute/University Department Existence (Must Be At Least 10 Years)
- ✦Documentation Regarding the Good Incubation Centre
- ✦Records of Incubation Centre Activities (Must Be Ongoing For At Least 5 Years)
- ✦Records of Student Enrollment (Minimum 50 Scheduled Caste/Scheduled Tribe Students On Average During the Last 3 Years)
- ✦Compliance Documentation For Tribal Sub Plan And Scheduled Caste Sub Plan Guidelines of Government of India
- ✦Reference of Extension of Approval Letter For the Current Year
- ✦Justification Document (Details Regarding Various Parameters/Criteria)
- ✦Institution/Department Credentials (Including Details On Accreditation, Research Projects, Consultancy Projects, And Type of Institute Under TEQIP-I/II)
- ✦Details of the Expenditure (For Budget Recurring, Estimating For Year 1 And Year 2)
- ✦Permanent Account Number (PAN) of the Institute
- ✦Permanent Account Number Card Issuing Authority And State (Institute)
- ✦Permanent Account Number Card Issuing Date (Must Be Less Than Current Date)
- ✦Percentage Grant Received From Government
- ✦Email Identification of the Institute
- ✦Bank Details (Including Account Number, Indian Financial System Code, Magnetic Ink Character Recognition (MICR) Code, Bank Code, Account Type, And Account Holder Name)
- ✦Faculty Identification (ID) Details
- ✦Principal Investigator’s Permanent Account Number (Must Be 10 Digits In Length)
- ✦Principal Investigator’s Aadhaar Card (Unique Identification Document) (Must Be 12 Digits In Length)
- ✦Proposal Details (Including Title, Technical Field, Abstract, Objective, And Expected Outcome)
- ✦Coordinator Academic Credentials (Details For Parameters Such As Postgraduate (PG), Doctor of Philosophy (PhD), Patents Registered, Total Experience, Number of Publications, And Number of PhD Students Guided)
- ✦Proof of Student Enrollment (Final Year Degree/Diploma Course)
- ✦Proof of Registered Company/Start-Up In Student’s Name
- ✦Budget Estimates – Non Recurring Samriddhi (Including Student Name, Qualification, Phone Number, Email, Specification of the Project, And Estimated Cost In Indian Rupees)
✦ Required ◦ Optional
How to Apply
The applicant (Institute) must first log in to the existing All India Council for Technical Education (AICTE) Portal utilizing the credentials previously provided by the All India Council for Technical Education. Following successful login, the institution must navigate to the All India Council for Technical Education Quality Improvement Schemes (AQIS) Application screen by clicking on the designated tab. The system will automatically populate various Institute Details on the AQIS Application –
Quick Info
- Level
- Central Government
- Max benefit
- ₹20.0 L