Nagpur, July 15 (KNN) Government has multiple schemes to facilitate startups through their seed capital program, incubation Centre promotion and also funding through different sources, said Dinesh Rai, former secretary Ministry of MSME.

https://ssl.gstatic.com/ui/v1/icons/mail/images/cleardot.gifSpeaking at a program organized by Alliance for Indian MSME and Confederation of all India Traders (CAIT), he said “There are funds available through banking channels, NSIC, SIDBI and other agencies. It is important that startups come forward and discuss with government agencies to take advantage of these schemes.”

Addressing the gathering, Director-MSME-DI, PM Parlewar said that government has made lot of funds available for startups.

MSME ministry Minister, Nitin Gadkari is committed for development of MSME sector. It is advisable that MSME and startups meet him at his office at CGO Complex seminary Hills and take best available guidance for starting of any Enterprise, he added.

National President of CAIT, BC Bhartia said that the future lies in developing startups. The startup should come forward with their innovative ideas. Venture catalyst help them to present their project before Angel investors to get proper funding based on the valuation of their project.

On the occasion, Branch Manager of SIDBI Nagpur D Prasad Rao presented the various schemes of SIDBI for startups.

He said that a competition has been organized for startup for getting huge amount of winning cash prize

Pawan Jaiswal of National Small Industries Corporation (NSIC) elaborated the fund and non-fund schemes of corporation on the occasion and also gave details of government procurement policy with special preference to MSME sector.

He explained advantages of getting registered with NSIC and avail non-payment of security deposit and earnest money facility if registered with NSIC.