NIDHI-PRAYAS (Promotion and Acceleration of Young and Aspiring technology entrepreneurs)
NIDHI-PRAYAS is a flagship program under the Department of Science and Technology (DST), Government of India, aimed at supporting young innovators to turn their tech-based ideas into proof-of-concept and prototypes. The scheme focuses on hardware and product-based startups, providing a bridge between the idea stage and the commercialization stage. Managed through PRAYAS Centres across the country, it offers physical infrastructure, mentorship, and financial assistance to reduce the risks associated with hardware prototyping. The program specifically targets innovators who lack the resources to build initial models, ensuring that high-potential technological ideas do not fail due to a lack of early-stage funding. By fostering a vibrant innovation ecosystem, it encourages indigenous manufacturing and technological self-reliance.
Eligibility
- • Target: founder
- • Category: Entrepreneurship & Innovation
- • State: All India
Documents required
- ☐ Detailed Project Proposal
- ☐ Aadhaar Card of Applicant
- ☐ Proof of Bank Account
- ☐ Resume/Profile of Innovator
- ☐ Quotation for Prototype expenses
- ☐ Patent details (if any)
Frequently asked questions
Who is eligible for NIDHI-PRAYAS (Promotion and Acceleration of Young and Aspiring technology entrepreneurs)?
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.