Sarothi Scheme
At a Glance
Scheme Category
Social welfare & Empowerment,Financial assistance
Target Beneficiaries
Business Entity
Brief Description
The Sarothi Start-Up fund is an initiative that the Indian government of Assam has launched (2016-17) to encourage innovation and entrepreneurship in the state. Startups and entrepreneurs receive seed capital, working capital, and other forms of financial support through the scheme.
Benefit Type
In Kind
Eligibility Criteria
Eligibility 1. All innovative startup industrial activities and the new individual applicant will be eligible to get the benefit under the Sarothi scheme. 1. New Micro, Small and Medium Enterprises (MSME) units in Assam are eligible for these benefits. 1. Priority will be given to an applicant if he or she undergoes any skill development training. 1. If the applicant is a defaulter of any Bank or Financial Institution, he or she will not be eligible for benefits under the Sarothi scheme.
Application Mode
Online
Application Process
Application Procedure: 1. The application must be downloaded from the following <nis:link nis:type=webUrl nis:id=slugId nis:text="link" nis:value=https://industries.assam.gov.in/sites/default/files/Sarothi_1.pdf nis:enabled=true/>.1. The applicant should fill out the application and send it along with the required supporting documents to the appropriate District Industries & Commerce Centre (DICC) General Manager. 1. Check the detail of the District Industries & Commerce Centre (DICC) General Manager with the following <nis:link nis:type=webUrl nis:id=slugId nis:text="link" nis:value=https://industries.assam.gov.in/about-us/our-divisions-field-offices nis:enabled=true/>.
Required Documents
- List of required documents
- Application in the prescribed format ( as per Form-A )
- Two copies of the Passport size photograph ( black & white)
- Entrepreneurs Memorandum Part-I ( EM part-I), Udyog Adhar, as applicable.
- Scheme /Project Report of the proposed activity.
- Identity Proof:- ( Any of the following) Voter Identity Card/ PAN Card/ Driving License/ Job Card/ Aadhaar Card/ Identity Card
- Address Proof (Any of the following): - Electricity Bill/ Telephone Bill/ Bank Account Statement of any other bank/ Letter from reputed employer/ Letter from recognized public authority verifying the address of the customer to the satisfaction of the bank/ Ration Card /Voter Identity card
- Trade license, if any
- Certificate of training, if any
- Certificate of OBC/SC/ST/Physical handicraft, if any
- Any other documents likely to be provided by the applicant
FAQs
Is the scheme a direct benefit scheme ?
No
Is the scheme benefit available to all age group ?
Yes
Can only a specific gender avail the benefit of this scheme
No
Are the benefits actually going to benefit the citizen? Or is it a gimmic?
Yes, it is actually going to benefit the budding entrepreneurs.
Does the scheme provide benefit in form of equity or debt ?
The scheme provides funding in the form of equity, debt, or a combination of both, thereby enabling beneficiaries to retain control over their ventures.
Does the scheme account for 100% financial aid ?
No, the applicant must fullfil a minimum amount of 20% of the total project cost
Can citizen out of assam apply for the scheme ?
No
Is the application process a long procedure ?
No, the DICC has assigned a special team for the same, and the work day and night to hasten the application process.
Does the applicant required to show their financial performance ?
Yes, the applicant must show a) Proposed net Sales during current year(in Rs) : (b)Proposed net profit during current year (in Rs) : (c) Estimated net profit for next year ( in Rs)
Who is eligible for the scheme ?
Individuals, start-ups, MSMEs, and companies registered under the Indian Companies Act, 2013, are eligible for the Sarothi Scheme.