Start ups are those dreamers who believe in converting their gamut of ideas into the real world entities. Government has also help these start ups with subsidies to start their own businesses.
Startup companies can come in all forms and sizes. Some of the critical tasks are to build a co-founder team to secure key skills and resources in able to conduct research and build a first minimum viable product (MVP) to validate, assess and develop the ideas or business concepts. In addition to this, opportunities to establish further and deeper understanding of the ideas or business concepts as well as their commercial potential are important.
Government has encouraged rapid development of infrastructure projects in agriculture and allied sectors including dairy, meat, fisheries and minor forest produce. Many farmers turn to loans to start up, but those come with repayments with interest. Grants, on the other hand, don’t require repayment. Although applicants often must compete for grants, the funding type can help farmers get through the initial stages. Government has encouraged rapid development of infrastructure projects in agriculture and allied sectors including dairy, meat, fisheries and minor forest produce.
SUBSIDIES GIVEN TO THE AGRICULTURE SECTOR BY GOVERNMENT
Organic farming requires biological and organic inputs in lieu of chemical inputs and there is a need to augment the production of bio- fertilizers or organic fertilizers in India. Accordingly the government of India under national project organic farming provides capital investment subsidy for commercial production units manufacturing organic fertilizers/ bio fertilizers.
SUBSIDIES GIVEN BY THE GOVERNMENT TO THE ORGANIC FARMING
Also read: SBI start up fund of Rs 200 crore initiated
The government of India accords top priority for the development of food processing indusry in India to reduce food spoilage and control the rising food inflation. The government has provided subsidies for setting up of food parks in India.
GOVERNMENT PROVIDED SUBSIDIES TO THE FOOD PROCESSING INDUSTRY
Ministry of food processing industry covers setting up technology upgradation, modernisation of food processing industries in fruits and vegetables, pulses etc. The scheme provides 25% of the cost of plant and machinery and technical civil works subject to maximum of Rs. 50 lakh in general areas and 33% up to Rs. 75 lakh in difficult areas.
Government schemes for NRIs