Early-Stage Funding Support (matching loan)
A programme by Startup Bihar
A matching loan and a small grant for certified startups that have raised money from recognised angel investors or Category I AIFs.
At a glance
| Best for | Certified Bihar startups that have raised money from angel investors or Category I AIFs |
|---|---|
| Stage | MVP – Early revenue |
| Grant support | For selected startups. A place in the programme does not by itself guarantee a grant. |
About Early-Stage Funding Support (matching loan)
The early-stage matching loan supports certified Bihar startups that have raised money from recognised angel investors or from SEBI-registered Category I alternative investment funds. The support is a grant of 2% of the amount raised, plus a matching loan of up to 100% of that amount, within a stated maximum.
Who can apply
- Startups certified under the Bihar Startup Policy
- Startups that have raised money from recognised angel investors or SEBI-registered Category I alternative investment funds
Repayment: The loan is repaid in equated monthly instalments over seven years after a two-year moratorium, at simple interest of 5% a year.
How selection works: Documents include the investment agreement or term sheet, bank statements, proof of equity dilution, and a fund utilisation plan. Funds are released after the scheme's approval committee signs off.
How to apply: Apply through the portal at startup.bihar.gov.in, or by e-mail if the portal is not working.
Where to apply
Other Startup Bihar programmes
- Seed Fund (second tranche)An interest-free seed loan for certified Bihar startups, released in a second tranche after the first is used.
- Post Seed Fund supportA loan for certified Bihar startups that have launched a product and show growth.
- Acceleration Programme and Event supportA grant towards fees and travel for certified Bihar startups joining a recognised acceleration programme or event.