Answer

1. F

   Facts

   What You Get: ₹20L grant (equity-free) for proof of concept, prototype, product trials, no repayment, no dilution; ₹50L as convertible debentures / debt for market entry and commercialisation, via incubator; Total corpus: ₹945 Cr across 300+ empanelled incubators; Apply through incubator, not DPIIT directly. IIM, IIT incubators are empanelled.

2. P

   Provisions and law

   • DPIIT · Startup India Seed Fund Scheme
3. A

   Analysis

   Eligibility: DPIIT-recognised startup under 2 years old at time of application; Incorporated as Pvt Ltd, LLP, or registered Partnership; Prior govt funding received not more than ₹10L; Innovative, scalable idea, agriculture, health, education, oil & gas sectors preferred but not exclusive; No prior VC/Angel funding restriction, but must not be funded beyond incubation stage. Timeline + Process: Apply at seedfund.startupindia.gov.in → select empanelled incubator → submit application; Incubator selection committee reviews → approval 3-6 months; Grant disbursed in tranches against milestones; ₹20L grant: no repayment. ₹50L debentures: convert to equity at next round valuation or repay at agreed terms. Grant Agreement: Incubator-to-startup. Defines milestone schedule, tranche disbursement, utilisation norms, reporting obligations. Misuse = full recovery.

4. C

   Conclusion

   1. 1DPIIT Recognition Certificate
   2. 2Certificate of Incorporation
   3. 3Pitch deck (problem, solution, market, traction, team)
   4. 4Detailed project report with budget
   5. 5Innovation statement / product description
   6. 6Bank statements (last 6 months, if operational)

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.