MeitY SAMRIDH Scheme: Scaling Indian Software Startups to Global Heights
Learn about the MeitY SAMRIDH Scheme. Discover eligibility, funding support up to ₹40 Lakhs, and how software product startups can scale via business accelerato
The Startup Accelerator of MeitY for Product Innovation, Development, and Growth (SAMRIDH) is a flagship initiative by the Ministry of Electronics and Information Technology (MeitY). Designed to bridge the gap between early-stage development and market-ready scaling, SAMRIDH focus on supporting software product startups with funding, mentorship, and global market access. Unlike traditional grants, this scheme leverages the expertise of existing accelerators to provide a robust ecosystem for Indian tech entrepreneurs.
What is this scheme?
The SAMRIDH scheme is designed to support 300 software product startups by providing them with an enabling environment to scale their business. The program works by selecting existing accelerators to provide a 6-month intensive program for startups. The scheme focuses on accelerating startups that have a physical product and a functional proof of concept, transforming them into commercially viable entities through investment and mentorship.
Who is eligible?
- The startup must be incorporated as a private limited company in India.
- The startup must be a software product startup with a functional prototype or product-market fit.
- Startups must have at least one full-time founder dedicated to the venture.
- Startups should have a proof of concept (PoC) and preferably some initial customer traction.
- The startup must not have received similar scaling funding from other MeitY programs for the same milestone.
How much money?
The scheme provides a matching investment of up to ₹40 Lakhs per startup, based on the current valuation and investment provided by the accelerator. Additionally, accelerators receive up to ₹20 Lakhs per cohort for operational expenses.
Documents needed
- Certificate of Incorporation (MCA)
- DPIIT Recognition Certificate
- Pitch Deck covering product-market fit
- Financial Statements or Audited Balance Sheets
- Founder(s) KYC (Aadhaar/PAN)
- Proof of Concept (PoC) documentation
- Details of existing investors (if any)
How to apply (step by step)
- Visit the official MeitY Startup Hub (MSH) portal.
- Check for active ‘Call for Applications’ under the SAMRIDH scheme.
- Select an empanelled accelerator that aligns with your startup's sector.
- Submit the online application form with the required business details and pitch deck.
- Participate in the shortlisting and pitching rounds conducted by the accelerator.
- If selected, undergo the due diligence process for investment verification.
- Onboard for the 6-month accelerator program and receive the first tranche of funding.
Important dates
| Event | Date |
|---|---|
| Scheme Launch | August 2021 |
| Current Status | Active - Applications open in cohorts (Check MSH portal) |
| Next Cohort Application Deadline | As per latest notification, verify on official portal |
Conclusion
The SAMRIDH scheme is a pivotal step towards making India a global software product hub. By combining financial support with high-quality mentorship and global networking opportunities, MeitY is ensuring that Indian startups don't just survive, but lead in the international market. For tech founders with a validated product, SAMRIDH offers the perfect springboard to transition from a local startup to a global enterprise.
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