Disclaimer….before you read ahead
The information contained herein is of a general nature and for information purposes only, with the intent of raising awareness around various resources, schemes etc. available for women entrepreneurs in India. It is not intended to address the circumstances of any particular individual or entity. It does not purport to be all-inclusive or necessarily contain all the information that may be relevant for the reader, and may be subject to updating, revision or amendment. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to remain accurate in the future. The reader, therefore, is required to exercise their discretion; and not act on such information without appropriate professional advice after a thorough examination of the particular situation.
Furthermore, we are not a lender and are not authorized by the Reserve Bank of India to act as one. By disseminating the information contained herein, we are not soliciting any borrower or customers for the company or organization mentioned herein nor do we intend to syndicate any capital for the reader of this article.
About this scheme
AMRUT–MSSU Entrepreneurship Scheme was launched in 2024 by Academy of Maharashtra Research, Upliftment and Training (AMRUT) in collaboration with Ratan Tata Maharashtra State Skills University (RT-MSSU) and MSSU i-Spark Foundation. The objective of this Scheme is to identify & support promising innovators from Economically Weaker Sections of the Open Category in Maharashtra and provide them with financial grant assistance to nurture their innovative ideas and help them evolve into sustainable ventures through structured support.
How is it being implemented?
Under this Scheme, direct grants are provided to,
- Aspiring Entrepreneurs from Economically Weaker Sections of the Open Category in Maharashtra
Via Scheme’s Implementation & Execution Partner – MSSU i-Spark Foundation – through 16 Pre-Incubation Centres registered with RT-MSSU.
Note the last date to submit applications for Cohort 4: December 31, 2026 (Note: Right click anywhere on the hyperlink to translate to English on Chrome). For subsequent cohorts, stay tuned for information on MSSU i-Spark Foundation and AMRUT’s websites.
What’s on offer?
I. Product
- Grant: ₹3 Lakh in tranches of ₹25,000/month for 12 months
- Tranche payment is based on progress. Beneficiary is expected to grow from idea to prototype or MVP/PoC, and aim to be market-ready by the end of the financial assistance period
- Regular submission of utilisation updates required
- If progress stalls and is not diagnosed with the assistance of mentorship, support can be cancelled
- If beneficiary drops out, the funds must be returned
- Subsidy: upto ₹6,000/month for 12 months for using office space, technology, administrative support, software, meeting hall, expert guidance provided by Incubation Centre. Any amount in excess of ₹6,000/month for use of these services will have to be borne by the beneficiary
- Mentorship: Hands-on guidance from the Pre-Incubation Center
- Selected beneficiaries are matched with designated Pre-Incubation Centres under RT-MSSU for hands-on guidance
II. Purpose:
- To build product: R&D, prototyping, equipment purchase and testing
III. Collateral
- Nil
IV. Turnaround Time
- It takes about 6 to 8 weeks from the official deadline date until Onboarding & Grant Activation. The interim process includes Initial Application Screening and Jury Pitch Presentation before the Final Shortlist
Interested? Read ahead to check your eligibility…
I. Are you a resident of Maharashtra?
II. Are you 35 years or younger at the time of application?
III. Have you passed at least Class 12?
IV. Do you belong to an Open Category caste?
V. Is your family’s annual income below ₹8 Lakhs?
VI. Do you have your own innovative, scalable technology idea?
VII. Are you willing to work on your idea full-time during the financial assistance period?
VIII. You have not availed any other benefit similar to this Scheme during this period?
If your answers to the questions above are an emphatic YES, you are all set to avail grant under AMRUT-MSSU Entrepreneurship Scheme!
So…how big is this scheme and what has been done so far?
So, now, how should you go about it?
I. Click on Apply Now here for submitting your application online with required details (Note: Right click anywhere on the hyperlink to translate to English on Chrome)
II. For indicative list of documentation required, scroll here to click on Documents Required tab (Note: Right click anywhere on the hyperlink to translate to English on Chrome)
III. For any queries, please contact MSSU via:
- E-mail: ceo_ispark@mssu.ac.in
OR
- Phone: +91 9930151608
Go on then… and do spread the word responsibly.
Best,
team@46xx.in
Sources:
- About AMRUT-MSSU Entreprenuership Scheme (Note: Right click anywhere on the hyperlink to translate to English on Chrome)
- Primary Research
