The government-backed Startup Accelerator of MeitY for Product Innovation, Development and Growth (SAMRIDH) scheme has disbursed nearly INR 94 crore in funding to startups over the last five years, the Ministry of State (MoS) for Electronics and Information Technology informed Parliament recently. The initiative has emerged as a key pillar in India’s efforts to strengthen its domestic startup ecosystem, especially in deep-tech and innovation-led sectors.
Launched in 2021 under the Ministry of Electronics and Information Technology (MeitY), the SAMRIDH scheme was designed to provide financial support, mentorship, and market access to early-stage startups, particularly those developing indige
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