SAMRIDH Scheme : Two Person Arrested For Cheating
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.
- SAMRIDH Scheme is a flagship programme of the Ministry of Electronics and Information Technology (MeitY) for startup acceleration under the National Policy on Software Products–2019.
- It aims to support existing and upcoming Accelerators to select and accelerate potential IT-based startups to scale.
- Among others, the program focuses on accelerating the startups by providing customer connect, investors connect and connect to international markets.
- An investment of up to Rs 40 lakh to the start-up based on the current valuation and growth stage of the Start-Up will be provided through selected accelerators. It will also facilitate equal matching investment by the accelerator.
- The scheme is being implemented by MeitY 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.
- List of accelerators comprises government supported organizations, academic institutions, the private sector, and early-stage start-up funding platforms.
- These accelerators then select 5-10 startups each 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.
