NIDHI PRAYAS Yojana

NIDHI PRAYAS Yojana

Innovation is the cornerstone of a thriving economy, and nurturing early-stage ideas is crucial for fostering a culture of entrepreneurship. The NIDHI PRAYAS Yojana (National Initiative for Developing and Harnessing Innovations - Promoting and Accelerating Young and Aspiring Innovators & Startups) is a flagship initiative by the Department of Science & Technology (DST), Government of India, designed to support aspiring entrepreneurs in bringing their innovative ideas to life.

At ARTHiQ, we are committed to guiding innovators through the complexities of accessing government schemes like NIDHI PRAYAS, helping them secure the support they need to transform their ideas into successful enterprises.

What is NIDHI PRAYAS?

The NIDHI PRAYAS Yojana is a pre-incubation initiative aimed at providing financial and infrastructural support to young innovators. The scheme focuses on the following:

• Idea to Prototype Funding: The program provides grants to innovators to convert their ideas into working prototypes, bridging the gap between ideation and market readiness.

• Support for Early-Stage Entrepreneurs: It targets budding entrepreneurs, especially students, grassroots innovators, and first-generation entrepreneurs, who have a novel idea with the potential for commercialization.

• Infrastructure Access: Beneficiaries gain access to prototyping labs, mentorship, and technical expertise through approved PRAYAS Centers, which are incubators supported under this scheme.

Key Features of NIDHI PRAYAS

• Grant Amount: Innovators can receive a grant of up to INR 10 lakhs for prototype development, depending on the scope and scale of the project.

• Target Audience: The scheme is specifically aimed at individuals or startups in their pre-incubation stage, focusing on innovation-driven ideas that have societal or market relevance.

• Mentorship and Guidance: Along with financial support, the program offers mentorship from experienced professionals and access to resources that help in the successful development of prototypes.

• Prototype Validation: The scheme facilitates the testing and validation of prototypes, ensuring that the innovation is feasible and ready for further development or market introduction.

How ARTHiQ Can Help You

At ARTHiQ, we assist innovators and startups in navigating the NIDHI PRAYAS Yojana application process, ensuring they meet eligibility criteria and submit compelling proposals. Our services include:

• Eligibility Assessment: We evaluate your project’s alignment with the objectives of NIDHI PRAYAS, ensuring it meets all the necessary criteria.

• Application Support: Our team guides you through the entire application process, helping you prepare the necessary documentation, project proposals, and budget plans.

• Mentorship and Advisory: Beyond the application process, we connect you with industry experts and mentors who can provide valuable insights into prototype development and commercialization strategies.

• Ongoing Support: Once your project is approved, we continue to offer support in managing the grant, accessing prototyping infrastructure, and planning the next steps toward product development.

Why Choose ARTHiQ?

• Expertise in Government Schemes: With extensive experience in navigating government initiatives, we ensure that your application for the NIDHI PRAYAS Yojana is thorough and well-positioned for approval.

• Tailored Guidance: We offer personalized support based on the unique needs of your innovation, ensuring you receive the right advice at every stage of your project.

• Comprehensive Services: From initial consultation to post-approval support, ARTHiQ provides end-to-end services, making the process of accessing NIDHI PRAYAS smooth and efficient.

• Commitment to Innovation: We are passionate about fostering innovation and entrepreneurship, and our goal is to help you succeed in turning your ideas into impactful products.

Empower your innovation journey with ARTHiQ’s expert guidance on the NIDHI PRAYAS Yojana. Contact us today to learn how we can support you in accessing this valuable government scheme and bringing your ideas to life.