How to Get Funding Through Startup India Scheme

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How to Get Funding Through Startup India Scheme
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Startup India is an initiative of the Government
of India to encourage the entrepreneurs with a
startup business. With this policy, the Indian
Government promotes entrepreneurship by
mentoring, nurturing and facilitating startups
throughout their life cycle.
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The scheme provides an all-inclusive approach to
enable startups with 360-degree coverage. The
scheme provides a comprehensive four-week free
online learning program, has set up research
parks, incubators and startup centers across the
country.
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What is FOF ? FOF (Fund of Funds) is a part of
Startup India Scheme which takes care of the
funding for the entrepreneurs with small
business. This is an Indian Governments
initiative to origin domestic source of capital
for seed and early-stage companies.
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• Key features of FOF
• The FOF will be used for the contribution of
  various Alternative Investment Funds
  (AIF)registered with Securities and Exchange
  Board of India (SEBI) to extend funding support
  to Startups.
• The time frame for which the fund can be
  allocated is 14th (2015-2020) and 15th
  (2020-2025) Finance Commission cycle.

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• The corpus of FFS ( Fund of Funds for Startups)
  is Rs.10,000 crore which shall be built up over
  the 14th and 15th Finance Commission cycles.
• A corpus of Rs. 10,000 crore could potentially be
  the nucleus for catalyzing Rs. 60,000 crore of
  equity investment and twice as much debt
  investment.
• The prime aim to invest this large amount is to
  provide a stable and predictable source of
  funding for Startup enterprises and thereby
  facilitate large-scale job creation.

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• By March 2018, the Department of Industrial
  Policy and Promotion (DIPP) will invest more
  money into the FoF, bringing the total investment
  amount up to Rs.2,200 crore (346 million).
• So far, the FoF, which invests in startups via
  the Small Industries Development Bank of India
  (SIDBI), has received a mere Rs.800 crore of the
  Rs10,000 crore it was promised

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The number of the applicant for benefits of
Startup India is increasing in every fiscal year
and the beneficiaries are also increasing at a
fast pace.