Benefits
The Indian government extends grants and funding opportunities to innovative startups, facilitating their growth and the introduction of distinctive products or services. Essentially, a grant functions as a transfer payment, distinct from technical assistance or other financial support like loans, guarantees, interest rate subsidies, direct appropriations, or revenue sharing. Recipients are not expected to repay the funds but are obliged to utilize them for the specified purpose, typically contributing to a broader societal benefit.
In specific scenarios, there might be revenue-sharing arrangements with the government, especially in cases where a discovery leads to a profitable patent.
With more than 1,000 grant programs administered annually by twenty-six federal agencies, the government supports funding for the arts, sciences, and educational institutions. These grants play a crucial role in financing ideas and projects that provide public services, stimulate the economy, and contribute to recovery initiatives, agricultural projects, and innovative research across various fields.
