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SAMRIDH Programme Provides Financial Support to 373 Startups through Selected Accelerators

The Startup Accelerator of MeitY for Product Innovation, Development, and Growth (SAMRIDH) programme, aims to accelerate around 300 Startups through existing and upcoming Accelerators in Health-tech, Ed-tech, Agri-tech, Consumer-tech, Fin-tech, Software as a Service (SaaS), and sustainability. Under the SAMRIDH programme, 186 accelerators submitted Expressions of Interest, leading to the selection of 43 top accelerators across 16 states. (State-wise details provided at Annexure-I)

MeitY Start-up Hub (MSH) under Digital India Corporation (DIC) monitors and evaluates the performance of selected accelerators based on quantitative and qualitative parameters of the acceleration programme, which also tracks revenue and valuation growth of supported startups on an annual basis.

SAMRIDH provides financial support of ₹2 lakh per startup to selected accelerators, along with matching funding to startups up to a maximum of ₹40 lakh, in accordance with programme guidelines. Of the 373 startups selected and accelerated, 241 have secured matching funding. Accelerator-wise details of startups accelerated, funded, and funds disbursed over the last five years are provided at Annexure-I.

Annexure – I

Sl. No. State No. of Accelerators submitted

EOI

No. of Accelerators selected No of Startups Accelerated No of Startups Funded Funds Disbursed
In INR Crores
1 Andhra Pradesh 7 1 5 5 1.81
2 Assam 3 0
3 Bihar 5 0
4 Chattisgarh 3 0
5 Delhi 13 2 31 28 11.42
6 Goa 3 1 14 6 2.37
7 Gujarat 12 2 13 6 2.36
8 Haryana 6 3 28 20 7.54
9 Himachal Pradesh 2 0
10 Jammu & Kashmir 1 0
11 Karnataka 25 8 69 40 15.77
12 Kerala 5 2 21 13 4.95
13 Madhya Pradesh 3 1 6 5 1.72
14 Maharashtra 20 4 26 12 5.14
15 Odisha 3 1 16 13 5.07
16 Punjab 5 0
17 Rajasthan 13 3 19 17 5.68
18 Sikkim 1 1 6 1 0.52
19 Tamil Nadu 18 3 35 25 9.75
20 Telangana 22 5 34 17 7.23
21 Uttar Pradesh 10 4 35 27 9.91
22 Uttarakhand 4 0
23 West Bengal 2 2 15 6 2.50
  Total 186 43 373 241 93.75

This information was submitted by Union Minister of State for Electronics and Information Technology Shri Jitin Prasada in Lok Sabha on 04.02.20256

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