AMRUT-SRIF Business Incubation Scheme 2026
By Sant Gadge Baba Amravati University
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Quick Answer
The AMRUT-SRIF Business Incubation Scheme offers a monthly financial assistance of ₹25,000 for 12 months, along with comprehensive incubation support, to innovators and young entrepreneurs in Maharashtra.
- Funding amount
- Up to ₹3 Lakhs
- Funding type
- Grant
- Application deadline
- Rolling
- Location
- Maharashtra
About this grant
The AMRUT-SRIF Business Incubation Scheme, jointly implemented by the Academy of Maharashtra Research, Upliftment and Training (AMRUT), an autonomous institution of the Government of Maharashtra, and the SGBAU Research and Incubation Foundation (SRIF) at Sant Gadge Baba Amravati University, is designed to foster a vibrant entrepreneurial ecosystem within Maharashtra. This initiative aims to identify, nurture, and empower innovators and young entrepreneurs who possess original and innovative business ideas or technologies. The scheme specifically targets individuals willing to start or expand a startup, providing them with crucial financial and non-financial support during their formative stages. By bridging the gap in early-stage funding and offering structured guidance, the program seeks to convert promising ideas into sustainable ventures, contributing to economic growth and job creation in the state.
Eligibility
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Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Grant providers
Sant Gadge Baba Amravati University Sant Gadge Baba Amravati University is an academic institution in Amravati, Maharashtra, with a Technology Business Incubator (TBI) that supports student entrepreneurs, alumni startups, and technology-driven ventures. The incubation programme…
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Learn moreBenefits & Funding
- Amount
- Up to ₹3 Lakhs
- Monthly stipend
- ₹25,000/month
- Fund type
- Grant
- Equity
- Equity-free
- Repayment
- Non-repayable
What You Get
- Financial Assistance: Selected participants will receive a direct financial assistance of ₹25,000 per month for a duration of 12 months, totaling ₹3,00,000 over the year. This non-repayable fund aims to support the innovator's living expenses and initial business development costs, allowing them to focus full-time on their entrepreneurial ambitions.
- Incubation Support: Beneficiaries will gain access to comprehensive incubation facilities and resources provided by the SGBAU Research and Incubation Foundation. This includes access to co-working spaces, basic infrastructure, and a supportive environment conducive to innovation and business growth.
- Entrepreneurial Guidance: The scheme offers dedicated mentorship from industry experts and experienced entrepreneurs, along with entrepreneurial guidance to help innovators refine their business models, develop prototypes, strategize market entry, and overcome various challenges in scaling their ventures.
- Networking Opportunities: Participants will have opportunities to connect with a broader network of investors, partners, and peer entrepreneurs, fostering collaborations and opening doors for future growth and fundraising.
- Disbursement
- Monthly Stipend
- Duration
- 12 months
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Applications will undergo a rigorous multi-stage selection process. Initially, submitted applications will be screened to ensure adherence to all eligibility criteria, including residency, age, educational qualifications, family income, and prior funding status. Candidates who successfully pass the initial screening will be invited for subsequent rounds, which may include detailed interviews and pitch presentations. These sessions will allow a selection committee, comprising representatives from AMRUT and SGBAU Research and Incubation Foundation, along with domain experts, to evaluate the originality and viability of the business idea, the applicant's commitment, and their entrepreneurial potential. Final selections will be based on the comprehensive assessment of these factors, ensuring the most promising innovators are inducted into the incubation cohort.
Application Process
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Apply Online
Submit your application with all required documents through the AMRUT portal.
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How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
Submit on the official portal
Use the official application link and verify all details before final submission.
- 3
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
Q: What is the financial assistance provided?
A: Selected innovators will receive a monthly stipend of ₹25,000 for 12 months, totaling ₹3,00,000 over the year. This is a non-repayable grant.
Q: Who is eligible to apply for this scheme?
A: The scheme is open to innovators, young entrepreneurs, and individuals with original and innovative business ideas or technologies. Applicants must be residents of Maharashtra, aged between 18 and 45 years, and have passed at least the 12th standard (HSC).
Q: Are there any income criteria for applicants?
A: Yes, the applicant's total annual family income must be less than ₹8 lakh, as evidenced by a valid income certificate from a competent authority.
Q: What kind of support is offered besides the monthly stipend?
A: Beyond financial assistance, the program provides comprehensive incubation support, including access to infrastructure, and dedicated entrepreneurial guidance and mentorship to help develop and expand innovative business ideas.
Q: Is full-time commitment required from the applicant?
A: Yes, during the entire period of financial assistance and incubation (12 months), the selected candidate must commit full-time to pursuing their entrepreneurial ambitions.
Q: Are there restrictions on prior government funding?
A: Applicants must not have received financial assistance exceeding ₹10 lakh for the same purpose from any other similar scheme offered by either the State or Central Government.
Q: What documents are required for the application?
A: Required documents include a self-attested copy of your Aadhaar Card and PAN Card, a valid income certificate, and bank account details. If using a company account, an NOC from co-directors is needed.
Sources
Data on this page is compiled from official program and provider references.
