Multiplier Grants Scheme

Launched In:

May 2013

Headed By: 

Department of Electronics and Information Technology (DeitY)

Industry Applicable: 

IT Services, analytics, enterprise software, technology hardware, Internet of Things, AI.

Eligible For: 

Startups, incubator/academia/accelerators. Should have projects in electronics & information technology.

Overview: 

The MGS aims to encourage collaborative R&D between industry and academics/R&D institutions for development of products and packages.

Fiscal Incentives: 

The Government grants for individual industry would be limited to a maximum of INR 2 Cr per project and the duration of each project should, preferably, be less than two years. For industry consortiums, these figures would be INR 4 Cr and three years.

Time Period: 

2-3 years

To know more about this startup scheme by the Indian Government, click here

2018-07-16T05:36:08+00:00