What happened (SAMRIDH support for Andhra Pradesh startups)
The Ministry of Electronics and Information Technology (MeitY) implemented the Startup Accelerator of Product Innovation, Development and Growth (SAMRIDH) programme using existing and upcoming accelerators. Under SAMRIDH in Andhra Pradesh, MeitY supported 5 startups through a selected accelerator based in Visakhapatnam and disbursed ₹1.81 crore to that accelerator.
SAMRIDH programme coverage and monitoring mechanism
SAMRIDH was designed to accelerate around 300 startups across sectors including health-tech, ed-tech, agri-tech, consumer-tech, fin-tech, Software as a Service (SaaS), and sustainability. Performance monitoring and evaluation of selected accelerators was done by MeitY Start-up Hub (MSH) under Digital India Corporation (DIC). The monitoring used quantitative and qualitative parameters and also tracked revenue and valuation growth of supported startups on an annual basis.
Financial support under SAMRIDH
Related current affairs
- BHASHINI Division (Digital India) Organises BHASHINI SANGAM Workshop in Nepal to Strengthen Language AI Collaboration
- There are 17,54,675 pending cases in fast-track courts; low conviction rates
- Kharge seeks action over rally venue ‘purification’
- 31-member parliamentary panel to review FCRA Bill
- 393rd Report of the Department-Related Parliamentary Standing Committee on Transport, Tourism and Culture on preserving India’s cultural heritage in the age of AI
- DIBD (Digital India BHASHINI Division) and NITI Aayog sign SoI to advance multilingual AI for inclusive governance