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Two persons, including a chartered accountant, have been arrested for allegedly cheating the Ministry of Electronics and Information Technology (MeitY) of over Rs 3 crore under the pretext of the government-run SAMRIDH scheme for startups.
About SAMRIDH Scheme
The Startup Accelerator of MeitY for Product Innovation, Development, and Growth (SAMRIDH)is a flagship programme of theMinistry of Electronics & IT(MeitY) for startup acceleration under the National Policy on Software Products–2019.
Objective:
oIt aims tosupport existing and upcoming Accelerators to select and accelerate potential IT-based startups to scale
oAmong others, the program focuses on accelerating the startups by providingcustomer connect, investors connect and connect to international markets.
An investment of up to Rs 40 lakh to the start-upbased on the current valuation and growth stage of the Start-Up will beprovided through selected accelerators.It will also facilitateequal matching investment by the accelerator.
Implemented by:The scheme is being implemented byMeitY Start-up Hub (MSH), Digital India Corporation (DIC).
In the first round of the cohort, 22 Accelerators spread across 12 states are supporting 175 startups, selected through a multilevel screening process.
oList of acceleratorscomprisesgovernment supported organizations, academic institutions, the private sector,andearly-stage start-up funding platforms
oTheseaccelerators then select 5-10 startupseach in the focused areas of health-tech, ed-tech, agri-tech, consumer-tech, fin-tech, Software as a Service (SaaS), and sustainability through a multi-level screening process.
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