Ehy @Sahilbsb gm!
I read about the structure, funding and scope. There is indeed ground for applying to d.a.o. grant season 3 that is going to go live on tally in the next couple of days.
Just an heads up on timing: between the duration of the tally vote and internal org, the program will likely start officially at the end of the month. Even there, not everything might be in place or, more likely, there could be several application that the DA of the domain will have to evaluate.
This is not to discourage you, but want to make sure that the timeline you have in mind is compatible with all of this that should happen.
If you need more info, ping me on telegram