Lakshya Prayas Fund
Lakshya Prayas Fund
Lakshya Prayas Fund is a specialized funding initiative launched by SIDBI (Small Industries Development Bank of India) to support early-stage startups and youth-led innovative ventures. It aims to provide financial assistance, mentoring, and growth capital to startups with high social or economic impact. The fund encourages entrepreneurship in Tier II & Tier III cities and among underrepresented groups.
Benefits
Benefits of Lakshya Prayas Fund
Get funding between ₹10 lakh to ₹2 crore through equity or convertible instruments, even without prior investors or large revenue.
Designed especially for youth ( 35 years), women, SC/ST founders, and Tier II/III city startups who often face funding barriers.
Access to SIDBI’s ecosystem of mentors, startup advisors, and growth experts to help shape your business strategy.
Encourages innovations that address local problems, rural markets, and underrepresented sectors.
SIDBI helps startups also leverage other startup schemes, grants, and state-level benefits for capital and capacity building.
Getting funded by SIDBI increases trust among VCs, banks, and private investors, helping with future funding rounds.
Documents Required For Lakshya Prayas Fund
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1
DPIIT Recognition Certificate
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2
Certificate of Incorporation
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3
PAN & Aadhaar of Founders
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4
Business Pitch Deck
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5
Financial Forecasts / Projections
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6
Bank Account Details
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7
Startup Video Pitch or Traction Details (optional but helpful)
Eligibility Criteria of Lakshya Prayas Fund
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Startups registered in India (Private Ltd or LLP)
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Must be DPIIT-recognized
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Preferably led by youth (Less than 35 years), women, or SC/ST founders
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Should be solving social, environmental, or regional problems
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Must have a scalable business model with some proof of concept
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Preference to startups from Tier II, III & rural areas