National Initiative for Developing and Harnessing Innovations - PRAYAS
NIDHI-PRAYAS (Promoting and Accelerating Young and Aspiring technology entrepreneurs) is a pre-incubation initiative launched by the Department of Science and Technology, Government of India. The scheme is specifically designed to support young innovators by bridging the gap between a proof of concept and a prototype. It provides financial assistance to hardware-based start-ups and individual innovators to develop their ideas into market-ready products. The program is implemented through various PRAYAS Centres across India, which offer technical guidance, fabrication facilities, and mentorship. By reducing the financial risk associated with early-stage prototyping, the scheme encourages technology-driven entrepreneurship and helps innovators refine their hardware solutions before seeking large-scale investment or commercialization. It focuses on addressing local needs through technical physical products.
Eligibility
- • Target: founder
- • Category: Entrepreneurship & Innovation
- • State: All India
Documents required
- ☐ Aadhar Card of the applicant
- ☐ Detailed Project Report (DPR)
- ☐ Proposed budget break-up
- ☐ Company registration certificate (if applicable)
- ☐ Photographs of early-stage POC or sketches
- ☐ Bank account details
Frequently asked questions
Who is eligible for National Initiative for Developing and Harnessing Innovations - PRAYAS?
Targeted at founders in All India under the Entrepreneurship & Innovation category. Verify full eligibility on the official portal before applying.
What is the benefit amount?
Up to ₹10 Lakhs
How do I apply?
Apply directly on the official government portal linked above. YojanaRadar never charges to apply for any government scheme.
Is the deadline fixed?
Rolling applications. Confirm on the official portal.