Small and Medium Enterprise Development Authority (SMEDA) has invited applications for small business grants for “Growth Stage Start Up” maximum to Rs500,000 to each organization on first come first served basis to promote and encourage SMEs sector of the country.
The Early Stage Start-Ups grant is aimed at providing financial support to the entrepreneurs to meet the capital or operating needs of their business, official source said adding that the interested enterprises had been requested to submit their applications by January 21.
SMEDA’s Grant Programme offers funding to the eligible SMEs to acquire machinery, equipment required for carrying out the production operation, testing apparatus/ equipment required to conduct product, process inspection or quality testing, office equipment including IT equipment required for carrying out business operation.—APP
