Delhi
The ‘Seed funding for promotion of manufacturing start-ups’ scheme is intended to support innovations that have the potential to “build and shape the development of technology-driven entrepreneurs”. Under this scheme, NRDC, which comes under the Department of Scientific and Industrial Research, Government of India, will take an equity stake up to a maximum of 26 percent in the startup and will invest at the most ₹30 lakh in each start-up.
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