Technology/ service/ business platform-based ideas will be provided a stipend for two months for training cum internship
Selected RKVY-RAFTAAR interns after successful completion of training cum internship will be provided idea/pre-seed stage seed money as 90 percent grant up to a maximum of Rs. 5 lakhs through R-ABIs to convert their idea/proof of concept into prototype/ product
Incubation Facility after selection by R-ABI Incubation Committee
Application Focus Areas and T&C
Not more than 5 years must have elapsed since incorporation
All business startup in India that have been incorporated in the past five years from the effective date of policy will be eligible under this scheme. Simply, all businesses incorporated or registered after February 15, 2011 are eligible to participate in this government startup scheme.
Annual turnover of the start-up is not more Rs. 25 crores
To be eligible startup under this scheme, it must not have an annual turnover of more than Rs. 25 crores in any of the past 5 years since its incorporation.
The business must be involved in a new product or service
Only start-ups developing a new product or service or process are eligible under this scheme.
The start-up must not be a product of restructuring.
The start-up should not be formed out of splitting or reconstructing of a subsisting business. A business formed out of splitting an organisation into two or more other businesses, then it won’t be eligible under this scheme.