For the survival and growth of Startups in India easy availability of capital/funds is essential. Angel investors and venture capital firms provide funds to those Startups only, who provide "proof of concept", which becomes impossible for the budding Start-ups to present without financial backing. Similarly, banks also provide loans only to Startups having assets. It is a vicious cycle. Therefore, in order to support Startups, the Ministry of Commerce and Industry introduced Startup India Seed Fund Scheme ("SISFS"). The Government of India released an official announcement approving SISFS on 05.02.2021, for the duration of four years w.e.f 01.04.2021.