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Prakhar SharmaTop Contributor
Social media marketer, Content Writer

It stands for Department of Industrial Policy and Promotion.The DIPP was established in 1995 under the Ministry of Commerce and Industry as a nodal agency for design and facilitation of industrial, trade and commerce policies.

A major functional relevance of the Department is that it has acted as a think tank in formulating industrial and trade policies, facilitating trade and investment flows, and monitoring industrial development in the post liberalization phase.

Following are the core areas of DIPP:

  • Formulation and Implementation of Indiaโ€™s Industrial Policy
  • Formulation and Amendment of the FDI policy
  • Industrial Promotion
  • Formulation and Implementation of Intellectual property Rights Policy

FDI policy formulation and execution is one of the main functions of the DIPP. Following are the main functions of the DIPP:

  • Formulation and implementation of industrial policy and strategies for industrial development in conformity with the development needs and national objectives;
  • Monitoring the industrial growth, in general, and performance of industries specifically assigned to it, in particular, including advice on all industrial and technical matters;
  • Formulation of Foreign Direct Investment (FDI) Policy and promotion, approval and facilitation of FDI;
Prakhar SharmaTop Contributor
Social media marketer, Content Writer

A startup can approach SIDBI for funding in the following two cases:

Case 1: Equity funding for early and growth stage startups:

a) SIDBI invests in funds of fund format and invest in daughter funds which invests in Startup.

b) The list of fund of funds, focus sector, e-mail ID and company website can be checked on the link: here190

c) Kindly send an e-mail on the given e mail IDs of the said funds.

Case 2: Debt funding for mature stage startups (proven revenue model, market traction):

a) Approach the nearest SIDBI office.

b) Submit a business presentation and the pitch to the SIDBI office.

c) Once the information has been submitted, SIDBI would scrutinize the application and the shortlisted applications are directed to SIDBI, Mumbai for financial evaluation.

d) As per the decision of SIDBI Mumbai, debt may be sanctioned.