The Ministry of Power (MOP), Government of India (GOI) is charged with overseeing electricity production and infrastructure development, including generation, transmission, and delivery, as well as maintenance projects. It has recently released a comprehensive scheme “Reform-based and Result- linked Scheme” with the total....
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The Ministry of Power (MOP), Government of India (GOI) is charged with overseeing electricity production and infrastructure development, including generation, transmission, and delivery, as well as maintenance projects. It has recently released a comprehensive scheme “Reform-based and Result- linked Scheme” with the total expected outlay of INR 3,03,758 Cr to bring about an improvement across the distribution sector. It is committed to developing advanced technology-based applications in the distribution sector and promoting Technology Solution Providers (TSP) including startups focused on this domain and has created a Task Force for the same. It is emphasizing leveraging advanced technologies to analyze data generated through Information Technology (IT)/ Operational Technology (OT) devices.
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REC Ltd. has been designated as a Nodal Agency by the Ministry of Power for the Powerthon 2022. Rural Electrification Corporation Limited (REC Ltd.) is a Public Infrastructure Finance Company in India’s power sector. REC is a Maharatna Company functioning under the purview of the Ministry of Power. The company is primarily....
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REC Ltd. has been designated as a Nodal Agency by the Ministry of Power for the Powerthon 2022. Rural Electrification Corporation Limited (REC Ltd.) is a Public Infrastructure Finance Company in India’s power sector. REC is a Maharatna Company functioning under the purview of the Ministry of Power. The company is primarily engaged in providing finance for rural electrification projects across India and provides loans to Central/ State Sector Power Utilities, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers. Over the years REC Ltd. has been appointed as a Nodal Agency for multiple flagship schemes of Government of India’s viz. Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY) and National Electricity Fund (NEF). Besides, REC also assists the Ministry of Power in monitoring of the Ujjwal Discom Assurance Yojana (UDAY) which seeks to operationally reform and financially turnaround the power distribution companies of the country.
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Society for Innovation and Entrepreneurship (SINE), is an umbrella organization at IIT Bombay for fostering entrepreneurship and nurturing tech start-ups. It administers a business incubator which provides ‘Start to scale’ support for technology-based entrepreneurship and facilitates the conversion of research activity into entrepreneurial ventures....
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Society for Innovation and Entrepreneurship (SINE), is an umbrella organization at IIT Bombay for fostering entrepreneurship and nurturing tech start-ups. It administers a business incubator which provides ‘Start to scale’ support for technology-based entrepreneurship and facilitates the conversion of research activity into entrepreneurial ventures.Set up in 2004, it is one of the earliest incubators in academia with a potential to create startups focusing on economic growth, strategic value and social relevance. It gives prototyping grants, provides incubation support to tech startups and also runs accelerator programs in corporate partnership.
SINE has been selected as “Centre of Excellence” by the Department of Science and Technology (DST), GOI with funding support to scale up its activities. It has also been approved Biotechnology Industry Research Assistance Council (BIRAC) support under the aegis of Department of Biotechnology (DBT) to set up a Bio incubator ‘BioNEST’ to support the bio-med-tech startups. SINE is an implementing agency for the Powerthon 2022 Program, it implements the competition process (Selection of TSPs including startups to solve the problem statements, provide the selected TSP with grant, timely facilitation).
Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. The campaign was first announced by Indian Prime Minister, Narendra Modi during his speech on 15 August 2015....
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Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. The campaign was first announced by Indian Prime Minister, Narendra Modi during his speech on 15 August 2015.
Under the Startup India initiative, eligible companies can get recognised as Startups by DPIIT, in order to access a host of tax benefits, easier compliance, IPR fast-tracking & more.
DISCOMs are key partners for the powerthon programme and would support throughout the programme in terms of -
