Question

For which types of businesses is the Seed Fund Scheme generally NOT provided?

• A. Tech-based businesses
• B. Startups with innovative products
• C. Service startups and SMEs in trade and commerce
• D. Registered LLPs or Pvt. Ltd companies in Kerala

Answer 1

Answer:

C. Service startups and SMEs in trade and commerce

SEED FUND SCHEME

• The Government of Kerala has launched the Seed Support Scheme to financially assist startups, encouraging the growth of innovative, tech-based businesses that boost the state's economy through new ventures, job creation, and private investment.

Eligibility Criteria

• The startup should be a registered company in Kerala as an LLP or Pvt. Ltd company and should have an active KSUM Unique ID.

• The startup company has DIPP registration and an 'Active'/ 'Active Compliant' status with MCA. Applications with 'Active Non-compliant' have chances to be rejected and this

• (Form INC 22A) should be done before fund disbursements are made.

• The startup must be working on an innovative product or technology.