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Sarothi Scheme

The Sarothi Start-Up fund is an initiative that the Indian government of Assam has launched (2016-17) to encourage innovation and entrepreneurship in the state. Startups and entrepreneurs receive seed capital, working capital, and other forms of financial support through the scheme.

Authority

State

Region

Assam

Status

Active / Open

Updated

Recently Verified

What are the Benefits?

Financial Assistance | - The government provides financial assistance for startups in the form of loans with interest subvention | - The loan amount will be a maximum of Rs. 10.00 lakh.

Who is Eligible?

All innovative startup industrial activities and the new individual applicant will be eligible to get the benefit under the Sarothi scheme.; New Micro, Small and Medium Enterprises (MSME) units in Assam are eligible for these benefits.; Priority will be given to an applicant if he or she undergoes any skill development training.; If the applicant is a defaulter of any Bank or Financial Institution, he or she will not be eligible for benefits under the Sarothi scheme.

Required Documents

Aadhaar Card
PAN Card
Income Certificate
Residence Proof (Domicile)

Common Questions

Is the scheme a direct benefit scheme ?

No

Is the scheme benefit available to all age group ?

Yes

Can only a specific gender avail the benefit of this scheme

No

Are the benefits actually going to benefit the citizen? Or is it a gimmic?

Yes, it is actually going to benefit the budding entrepreneurs.

Does the scheme provide benefit in form of equity or debt ?

The scheme provides funding in the form of equity, debt, or a combination of both, thereby enabling beneficiaries to retain control over their ventures.

Does the scheme account for 100% financial aid ?

No, the applicant must fullfil a minimum amount of 20% of the total project cost

Can citizen out of assam apply for the scheme ?

No

Is the application process a long procedure ?

No, the DICC has assigned a special team for the same, and the work day and night to hasten the application process.

Does the applicant required to show their financial performance ?

Yes, the applicant must show a) Proposed net Sales during current year(in Rs) : (b)Proposed net profit during current year (in Rs) : (c) Estimated net profit for next year ( in Rs)

Who is eligible for the scheme ?

Individuals, start-ups, MSMEs, and companies registered under the Indian Companies Act, 2013, are eligible for the Sarothi Scheme.