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Programme

Second instalment of seed funding

A programme by Department of Industries, Government of Bihar

A follow-on interest-free loan, repayable after ten years, for start-ups that have used most of their first seed instalment.

At a glance

Best forStart-ups that have already used most of their first seed instalment.
StagePrototype – MVP

About Second instalment of seed funding

Start-ups that have received and spent most of the first seed instalment can apply for a second one on the same terms: an interest-free loan repayable after ten years.

What you get

  • A second seed instalment as an interest-free loan
  • A further allowance for women-owned and SC/ST or differently-abled-owned start-ups

Who can apply

  • Start-ups certified under the Bihar Start-up Policy 2017 or 2022
  • Start-ups that received the first instalment and have used at least 80% of it

How selection works: You submit a chartered accountant's utilisation report, a status report and a plan for spending the second instalment. A committee approves it after an interaction with you.

How to apply: Use the Second Tranche form on the Startup Bihar portal. The guidelines say to email the department if the portal is not working.

Where to apply

Other Department of Industries, Government of Bihar programmes

Everything about Department of Industries, Government of Bihar