Startup Schemes Playbook
Part B · Startup-relevant scheme

IFSCA Fintech Incentive Scheme

International Financial Services Centres Authority (IFSCA)

Grant Prototype / PoCSeed / Early-StageMarket Access & IP Fintech

The IFSCA Fintech Incentive Scheme gives grants to fintech startups to help them build products, test solutions, and grow from prototype to market at GIFT IFSC.

Type of support
Grant
Best suited for
Prototype to Market Entry
Headline amount
Grants up to ₹75 lakh
How much
Up to ₹75 lakh in many grant categories; varies by incentive type
Source
Playbook p. 93

Objectives

The IFSCA Fintech Incentive Scheme aims to promote the establishment of a world class FinTech Hub, at GIFT International Financial Services Centre (IFSC) India by providing financial support to the eligible fintech entities. The Fintech Startup Grant is to be utilized for developing a product or a service and related ‘go-to market’ initiatives for a startup with a novel FinTech idea or solution.

Who can apply?

  • FinTech startup with a novel FinTech idea or solution with the focus on converting that idea into a Minimum Viable Product.

What do you get?

  • Fintech Startup Grant of up to ₹15 lakh
  • Proof of Concept (PoC) grant of up to ₹50 lakh
  • Sand-box grant of up to ₹30 lakh
  • Green FinTech Grant of up to ₹75 lakh
  • For accelerators - Accelerator Grant of up to ₹10 lakh.

How to apply

To know more: https://ifsca.gov.in/Pages/Contents/HowToApply

Go to official portal