SAMRIDH Scheme Everything You Need To Know About

SAMRIDH Scheme: Everything You Need To Know About

This blog breaks down the SAMRIDH Startup scheme and its impact on India’s tech ecosystem.

What Is the SAMRIDH Scheme?

The SAMRIDH Scheme, launched by the Ministry of Electronics and Information Technology (MeitY) in August 2021, is a key driver of tech startups growth in India.

The full form of the SAMRIDH scheme is Startup Accelerator of MeitY for Product Innovation, Development, and Growth.

The scheme is a government program that supports IT-based startups with funding, mentorship, and market access. Run by the MeitY Startup Hub (MSH) under the Digital India Corporation, it works through accelerators—organizations that guide startups.

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SAMRIDH Startup Scheme Goals

  • Build Better Products: Helps startups create innovative software.
  • Provide Funding: Offers up to ₹40 lakh to address early-stage cash needs.
  • Offer Guidance: Connects startups with mentors and investors via accelerators.
  • Expand Reach: Opens doors to customers and international markets.
  • Include Everyone: Supports entrepreneurs from all regions, not just big cities.

How SAMRIDH Scheme Works: Step-by-Step

SAMRIDH operates through a clear system:

  1. Choose Accelerators: MeitY selects startup accelerators with at least 3 years of experience and a record of supporting 50+ startups.
  2. Pick Startups: Accelerators choose startups with promising software products based on innovation and growth potential.
  3. Provide Support: Startups get:
    • Funding: Up to ₹40 lakh, matched by accelerators, based on their stage and valuation.
    • Mentorship: Business advice and tailored six-month programs.
    • Connections: Access to customers, investors, and global markets.
  4. Run Programs: Accelerators mentor startups in cohorts. The first round saw 22 accelerators across 12 states support 175 startups.
SAMRIDH Scheme features
SAMRIDH Scheme features

Impact: Real Results for Startups

SAMRIDH is making a difference. Its first cohort helped 175 startups, many recovering from post-COVID challenges. Benefits include:

  • Product Growth: Funding supports research, marketing, and hiring.
  • Market Access: Startups connect with global customers and investors.
  • Job Creation: New ventures create IT jobs across India.
  • Ecosystem Boost: Strengthens India’s position as a software innovation hub.

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Startups Thriving Under the SAMRIDH Scheme

  1. Rang De P2p Financial Services
  2. ONO Ark India Pvt Ltd
  3. Sproutech Solutions Pvt Ltd (Lawyered)
  4. Surobhi Agro Industries Pvt Ltd (Farmology)
  5. Pareto Tree Pvt Ltd
  6. Nanoclean Global Pvt Ltd
  7. Respirer Living Sciences Pvt Ltd
  8. NyQuest Innovation Labs Pvt Ltd
  9. Kozhnosys Pvt Ltd
  10. Drakon Innovations Pvt. Ltd. (Brainwired)
  11. Inventigen Technologies Private Limited (Onward Assist)
  12. Farmonaut Technologies Pvt Ltd
  13. Raheja Solar Food Processing Pvt Ltd
  14. Bagmo Pvt Ltd
  15. Tadpole Projects Pvt Ltd
  16. InfinityX Innovations Pvt Ltd
  17. Medeassist Solutions Pvt Ltd (Dose Tap)
  18. Dharaksha Ecosolutions Pvt Ltd
  19. GoWatr Pvt Ltd
  20. SIAMAF Technologies Pvt Ltd

Why SAMRIDH Scheme is Essential For Indian IT Startups

SAMRIDH fills critical gaps for startups—building a startup, funding, guidance, and market access— Hawkins: It’s a no-nonsense, practical program that empowers entrepreneurs, especially in IT industry.

Q: Who is eligible for the SAMRIDH Scheme?
A: The scheme is perfect for product-based, deep-tech and SaaS Startups. Accelerators must have three years of incubation experience, support for 50+ startups, and strong networks.

Q: Who runs the SAMRIDH Scheme?
A: The MeitY Startup Hub (MSH) under the Digital India Corporation manages the scheme, working with selected accelerators.

Q: How much funding does SAMRIDH provide?
A: Up to ₹40 lakh per startup, matched by accelerators, based on valuation and growth stage.

Q: What support does SAMRIDH offer beyond funding?
A: Mentorship, investor connections, customer outreach, and global market access through six-month accelerator programs.

Q: What are the results of SAMRIDH 1st cohort?
A: SAMRIDH’s first cohort helped 175 IT startups get funding and the 2nd cohort’s last date was October 4, 2024 is aimed at helping 125 IT startups.

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