DPIIT engaged on credit score assure, seed fund schemes for startups

NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT) is engaged on two schemes — credit score assure and seed funds — to help startups within the nation, a prime authorities official has mentioned.

DPIIT Secretary Guruprasad Mohapatra mentioned that an inter-ministerial session course of is on to work out the contours of the 2 schemes. “We are engaged on a credit score assure scheme and a seed fund scheme. Both are below inter-ministerial consultations,” the secretary instructed .

He mentioned there could be a corpus within the credit score assure scheme which might be given to banks and they’re going to leverage that to lend to startups. This scheme would give banks a consolation to lend, he mentioned including that it’s for credit score not for enterprise capital.

“This is for capex credit score,” Mohapatra added. On the seed fund scheme, Mohapatra mentioned that almost all startups really face issues in elevating finance or funds within the ideation to the proof of idea stage.

Some states like Gujarat and Kerala have already got schemes like seed funds, however they’re small, he mentioned. “The central authorities ministries even have, however we wish to put a pan India scheme,” the secretary mentioned. Both the schemes would require approval of the finance ministry after which the DPIIT would search nod of the Union Cabinet for these two schemes.

He additionally mentioned that sure startups have raised some points pertaining to ESOPs (worker inventory choice plans) and “that we’ve got forwarded to the income division”.

Talking in regards to the subsequent version of rating of states and union territories (UTs) on their startup ecosystem, the secretary mentioned that the division has already began the method for that.

The division is encouraging states to develop their startup coverage to advertise budding entrepreneurs. In the 2019 rankings, Gujarat has once more emerged as the most effective performer in growing startup ecosystems for budding entrepreneurs.

The authorities had launched Startup India Action Plan in January 2016 to advertise budding entrepreneurs within the nation. The plan goals to provide incentives equivalent to tax vacation and inspector raj-free regime and capital positive aspects tax exemption.

/* User Identification Code Start */
var _tiluuid = localStorage.getItem(‘_tiluuid’);
if (_tiluuid === null)
function receiveMessage(evt)
if (evt.origin === ‘https://tilanalytics.timesinternet.in’)
_tiluuid = evt.data;
localStorage.setItem(‘_tiluuid’, _tiluuid);

window.addEventListener(‘message’, receiveMessage, false);
document.getElementById(“_tiluuid_frame”).src=”https://tilanalytics.timesinternet.in/frame_v3.min.html”;

/* User Identification Code End */
var objSec = template: ‘articleshow_main’, msid:’78086828′, secNames: [‘small-biz’,’startups’,’newsbuzz’],secIds:[‘2147477890′,’5575607′,’11993050′,’61658418’];

var tmplName = tpName=”articleshow_main”,lang = ”,nav_sec1,newHookId,subsec1_value,subsec1_common = ‘5575607’,newHookId2,subsec2_value,subsec2_common = ‘11993050’;
var objVc = version_on:’20200913121457′,js_etsubscription:’1′,js_comments:’111′,js_googleslock:’782′,js_googlelogin:’24’,js_common_buydirect:’749′,js_bookmark:’18’,js_login:’39’,js_datepicker:’2′,js_electionsmn:’22’,js_push:’53’,css_buydirect:’14’,js_tradenow:’14’,js_commonall:’117′,lib_login:’https://jssocdn.indiatimes.com/crosswalk/jsso_crosswalk_legacy_0.5.9.min.js’,live_tv:'”auto_open”: 1, “play_check_hour”: 12, “default_tv”: “1”‘,global_cube:’0′,global_cube_wap:’0′,global_cube_wap_url:’https://m.economictimes.com/iframe_cube.cms’,site_sync:’0′,amazon_bidding:’1′,fan_ads:’0′,trackAdCode:’0′,ajaxError:’1′,oauth:’oauth’,planPage:’https://prime.economictimes.indiatimes.com/plans’,subscriptions:’subscriptions’,krypton:’kryptonp’,apw:’apw’;
var objDim = d52:’nature_of_content’,d10:’user_login_status_hit’,d54:’content_shelf_life’,d53:’content_target_audience’,d12:’tags_meta_keyword’,d56:’degree_of_conten’,d11:’content_theme_the_primary_tag’,d55:’content_tone’,d14:’special_coverage’,d13:’article_publish_time’,d16:’video’,d15:’audio’,d59:’show_paywall_final’,d61:’paywall_probability’,d60:’paywall_score’,d63:’paid_articles_read’,d62:’eligibility_paywall_rule’,d65:’bureau_articles_read’,d20:’platform’,d64:’free_articles_read’,d23:’author_id’,d67:’loyalty’,d66:’article_length’,d25:’page_template’,d24:’syft_initiate_page’,d68:’paywall_hits’,d27:’site_sub_section’,d26:’site_section’,d29:’section_id’,d28:’prime_deal_code’,d32:’prime_article_read_before_syft’,d34:’content_age’,d33:’prime_article_read_before_success’,d36:’sign_in_initiation_position’,d35:’subscription_method_hit’,d37:’user_subscription_status’,d1:’et_product’,d2:’blocker_type’,d3:’user_login_status’,d4:’agency’,d5:’author’,d6:’cms_content_publishing_type’,d7:’content_personalisation_level’,d8:’article_publish_date’,d9:’sub_section_name’,d40:’freeread’,d45:’prime_hp_ui_template’,d47:’prime_hp_ui_content_b_color’,d46:’prime_hp_ui_content_size’,d49:’syft_initiate_position’,d48:’content_msid’,d50:’signin_initiate_page’;var serverTime=”09.13.2020 12:18:36″;var WRInitTime=(new Date()).getTime();
(function () if (self !== top) var e = function (s) return document.getElementsByTagName(s); e(“head”)[0].innerHTML = ‘*display:none;’; setTimeout(function () e(“body”)[0].innerHTML = ”; var hEle = e(“html”)[0]; hEle.innerHTML = ‘economictimes.indiatimes.com‘; hEle.className=””; top.location = self.location; , 0);)();

_log = window.console && console.log ? console.log : function () ;
if(window.localStorage && localStorage.getItem(‘temp_geolocation’))
var geolocation = localStorage.getItem(‘temp_geolocation’);

// Creating Elements for IE : HTML 5 and cross domain checks
(function () var elem = [“article”, “aside”, “figure”, “footer”, “figcaption”, “header”, “nav”, “section”, “time”];
for(var i=0; i -1) window[disableStr + ‘-‘ + gaProperty] = true;

ga(‘set’, ‘anonymizeIp’, true);
ga(‘create’, gaProperty, ‘auto’, ‘allowLinker’: true);
ga(‘require’, ‘linker’);
ga(‘linker:autoLink’, [‘economictimes.com’]);
ga(‘require’, ‘displayfeatures’);
window.optimizely = window.optimizely || [];
window.optimizely.push(“activateUniversalAnalytics”);
ga(‘require’, ‘GTM-KS2SX8K’);

customDimension.dimension1 = “ET Free”;
customDimension.dimension4 = “PTI”;

customDimension.dimension6 = “Native – 78086828”;
customDimension.dimension8 = “Sep 13, 2020”;
customDimension.dimension9 = “Startups”;

customDimension.dimension12 = “dpiit,Esops,Startup India Action Plan,entrepreneurs,Startup ecosystem”;
customDimension.dimension13 = “11:56 AM IST”;

customDimension.dimension15 = “No”;
customDimension.dimension16 = “No”;

(function ()
var a = window.localStorage && localStorage.getItem(‘et_syftCounter’) )()

var contentAge=”0.000462962962962963″;
if(contentAge)
customDimension.dimension34 = contentAge > 2 ? ‘>48hs’:'<48hrs';

customDimension.dimension25 = "articleshow_main";
customDimension.dimension26 = "Small Biz";
customDimension.dimension27 = "Small Biz/Startups/NewsBuzz/";
customDimension.dimension29 = "5575607";
customDimension.dimension48 = "78086828";
customDimension.dimension57 = _tiluuid;
ga('send', 'pageview', customDimension);
ga('create', 'UA-5594188-55', 'auto','ETPTracker'); //ETPrime GA

var newHookId ='5575607';
var newHookId2 = '11993050';

if(newHookId == '1715249553' && newHookId2 == '1052732854')
newHookId = '1052732854'; // politicsnation
else if(newHookId == '1715249553' && newHookId2 == '1373380680')
newHookId = '1373380680'; // Economy

var subsec1_value="5575607";
var subsec1_2value="11993050";

if(subsec1_value == '1715249553' && subsec1_2value == '1052732854')
subsec1_value="1052732854"; // politicsnation
else if(subsec1_value == '1715249553' && subsec1_2value == '1373380680')
subsec1_value="1373380680"; // Economy

(function (g, r, o, w, t, h, rx) function () (g[t].q = g[t].q , g[t].l = 1 * new Date();
g[t] = g[t] )(window, document, 'script', 'https://static.growthrx.in/js/v2/web-sdk.js', 'grx');
grx('init', 'gf999c70d');
var grxDimension = url: window.location.href, title : document.title, referral_url : document.referrer;

if(window.customDimension && window.objDim)
for(key in customDimension)
var dimId = 'd' + key.substr(9, key.length);
if(objDim[dimId] && customDimension[key]) grxDimension[objDim[dimId]] = customDimension[key];

var subsStatus="Free User";
var jData = JSON.parse(localStorage.getItem('jStorage'));
function getCookie(n) var ne = n + "=", ca = document.cookie.split(';');for (var i=0;i< ca.length;i++) var c = ca[i]; while (c.charAt(0) == ' ') c = c.substring(1, c.length); if (c.indexOf(ne) == 0) return c.substring(ne.length, c.length); return null;
(function ()
if(ssoid = getCookie('ssoid'))
try
grx('userId', ssoid);
var pfuuid = getCookie('pfuuid');
if(pfuuid) grxDimension['et_uuid'] = pfuuid

grxDimension['user_login_status'] = 'LOGGEDIN';
var grx_userData = jData['prime_'+getCookie('TicketId')];
grx_userData = grx_userData catch (e)
else
grxDimension['user_login_status'] = 'NONLOGGEDIN';

grxDimension['user_subscription_status'] = subsStatus;
)()

grx('track', 'page_view', grxDimension);

if(geolocation && geolocation != 5 && (typeof skip == 'undefined' || typeof skip.fbevents == 'undefined'))
!function(f,b,e,v,n,t,s)
if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)(window, document,'script',
'https://connect.facebook.net/en_US/fbevents.js');
fbq('init', '338698809636220');
fbq('track', 'PageView');

var _comscore = _comscore || [];
_comscore.push( c1: "2", c2: "6036484");

if(geolocation && geolocation != 5)
(function()
var s = document.createElement('script'), el = document.getElementsByTagName("script")[0]; s.async = true;
s.src = (document.location.protocol == "https:" ? "https://sb" : "http://b") + ".scorecardresearch.com/beacon.js";
el.parentNode.insertBefore(s, el);
)();

if(geolocation && geolocation != 5)

(function()
function pingIbeat()
window._pg_endpt=(new Date()).getTime();
var e = document.createElement('script');
e.setAttribute('language', 'javascript');
e.setAttribute('type', 'text/javascript');
e.setAttribute('src', "https://agi-static.indiatimes.com/cms-common/ibeat.min.js");
document.head.appendChild(e);

if(typeof window.addEventListener == 'function')
window.addEventListener("load", pingIbeat, false);
else
var oldonload = window.onload;
window.onload = (typeof window.onload != 'function') ?
pingIbeat : function() oldonload(); pingIbeat(); ;

)();

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here