Micro Venture Innovation Fund (MVIF) |
Organization | National Innovation Foundation (NIF) |
Source of funding | Government |
Scheme | Micro Venture Innovation Fund (MVIF) |
Type of funding | Debt |
Funding Amount | 1500000 |
Description | up to Rs. 15 lakh |
Range of funding | Rs 10 to Rs 25 lakh |
Target investees | Innovator |
Note | |
Purpose | MVIF extends financial support to grassroots innovators under a single signature on a simple agreement of understanding without any collateral or a guarantor. |
Focus area | Multiple focus areas |
Provides Funds For | A, B, C, D, |
Scheme Type | Ongoing scheme |
Recommended scheme | |
Scheme status | Live scheme |
More detail.. | Link |